Recently IT Department took some initiatives, which may rejoice the taxpayers. If you have Aadhaar card, then you no longer required to send IT return acknowledgement or ITR V form to CPC Bangalore. Instead, Aadhaar-based electronic verification code has been launched to authenticate this document.
The current process was cumbersome, as you have to take the printout of ITR Acknowledgement (ITR V), sign on it, and send to CPC Bangalore either through registered or ordinary post. This you have to send within 120 days of filing ITR. This is the only center to receive the ITR V, it is cumbersome for IT Department to process it within a time and there are huge complaints like someone sent but not received the acknowledgement or few may forget to send the form.
This delay causes in completing the IT Return process or refund process. Hence, to get rid of such cumbersome process, IT Department introduced Aadhar based IT electronic verification process.
Below is the new format of ITR Form, where you notice the new column introduced to mention Aadhaar number.
The process is so simple. You need to enter Aadhaar number while filling it returns in the above said column. After which, the UDAI database will send you the OTP (One Time Password) to your registered mobile number. You have to authenticate this OPT on an e-filing website. That’s it and no more process of authentication required. In the below image, I explained the changes.
It is best to apply for an Aadhaar card at the earliest. Because step by step Aadhaar card now mandatory document as identity and address proof. However, if you do not have Aadhaar card, then you can follow the old process. In my view, it is best to have Aadhaar at the earliest and get rid of sending the physical form of ITR V to Bangalore and wait for an acknowledgement.
How negative compounding silently destroys wealth. A 2% cost difference can wipe out 30% of…
Flexi cap funds didn't exist before 2020. Here's why comparing their long-term returns to Nifty…
EPF Scheme 2026 explained fully: EPF withdrawal, EPS pension, and EDLI insurance changes with examples,…
Chasing financial freedom? Do health, time, relationships and contentment matter just as much? Sadly, we…
Your "safe" SIPs, SGBs, PPF, or Index Funds are secretly sabotaging your wealth. Peltzman Effect…
Thinking your retirement plan is foolproof? Why LUCK - not asset or fund selection or…
View Comments
Hello sir,
I had filed itr1 for the yearv2015-2016 but I am no more an employee but a independent consultant. I was advised by a tax consultant to revoke and pay it4. He has filed itr4 , however he has put his official address on it for the refund that will be sent via cheque to his address
I wanted to know if the refund can be changed and moved to an electronic transfer to the savings bank account that is attached to my income tax portal. Kindly do let me know how this can be done.
Thomas-As of now there is change option only in case the refund done but it reversed due to address change and all. Anyhow, even if the address given is your consultant let it be this time. Track the refund status online. If status shows refund issued but you not receive the cheque, then you can change the status online to credit in your bank account.
Sir Is adhaar card, form no 16 and pan card all these three document are necessary for salaried people????
Meenu-For what purpose?
Hi Basu, my wife needs to update her post marriage name in the ITR submission records. We have done it in PAN records. Now ITR for AY 2014-15 can not be filled as it gives the message saying "enter your name as per PAN records". Please guide about how to update her post marriage Last name on incometaxindiaefiling.gov.in so that we can fill ITR.
Dear Basu,
I am an LIC agent and i am supposed to fill ITR2. Can you help me fill ITR2?
Thanks in advance for your help
Regards
Praveen
Praveen-What help you need? You have to use ITR4.
Hi,
I have filed ITR, then linked my aadhaar card with Pan, and then got updated my mobile number in aadhaar card. Now while e-verifying the form through aadhaar card , OTP is not flashing in my new registered number. My new mobile number is already updated in the aadhaar records.
Paddy-It is optional. If you not able to do then send acknowledgement to CPC Bangalore.
i had filed my ITR form 2 A. I eVerfied the return through Aadhar card and it still shows returns undetermined. I am worried about the returns now. I have been waiting for more than 2 months.
Govindrajan-Follow as we discussed through social media.
Hi,
I filed ITR in the month of August. In the month of Sep I received a letter stating error code 38.
With this I could understand that there was some error. After intensive checking what I could make out was:
While filing ITR my payable amount came out to be 0. Since, I had paid self assessment tax. Even when I tried filing the return again 2 days back it did not show any payable amount.
But yes there was a 4 Rs mismatch in the calculation. Can you please suggest what shall I do. I have been trying to pay these 4 Rs online but the page is expiring.
Urgent help required.
Hello Sir,
Like others, post e-verifying ITR i have reveived acknowledement with comment "Do not send this ack.......to CPC". but the acknowledgement do not have Aadhaar number. This is verified through net banking. Is any step required from myside?
Thanks for your suggestion in advance,
Abhijit
Abhiit-No need to send to CPC. In my view it is already e-verified in your case (through net banking).
sirs i have filed income tax returns on line on 8th august still no, i have not received the refund i verified it through netbanking what may be the cause
Sujith-Check the status on IT Portal.
it is saying that successfully e verified
I want to know that i have e-verified my return and my friend is saying that if you have e-verified the return than you will not receive the refund is it true?
Dhruval-It is purely wrong.