Filing your ITR is not the last step of the process. It is equally important to e verify ITR within 30 days of filing it. The Income Tax Department (ITD) processes your return only if the ITR is verified and then issues eligible refunds to the taxpayers. Moreover, if you do not verify your return, it will be treated as an invalid return i.e. in this case, you will have to file a belated return.
Given below are the steps to e-verify the ITR on the Income Tax e-Filing Portal.
It is important to e verify ITR within 30 days. The CBDT had reduced the time for verification of ITR from 120 days to 30 days with effect from 1st August 2022.
You can either complete the process of verification online by e-verification or by physically submitting the ITR-V to CPC, Bangalore.
E-Verify your ITR (immediately after filing) or any other Income Tax related submissions/ services /responses/ requests using the following options:
You can also choose the option to e verify your return using the existing Aadhaar OTP by clicking on the option “I already have an OTP on Mobile number registered with Aadhaar” and enter the 6 digit OTP.
This facility is only applicable to certain banks. Moreover, you would also need to prevalidate your bank account on the portal. The process of prevalidation is successful only if the PAN matches the bank account records.
This method is similar to the Bank Account method. In this case, too, you will have to prevalidate your Demat Account on the Income Tax e-Filing portal. This process takes 1-2 hours and in case of any error, you receive an e-Mail on the registered e-Mail ID. Hence, you can generate an EVC to complete the process of ITR verification.
You can go ahead with this method if you have availed the Netbanking of your bank account. On the e-Verify page, select Through Net Banking and click Continue.
You will not be able to e-Verify your ITR using Digital Signature Certificate if you select the e-Verify Later option while submitting your Income Tax Return. You can use DSC as an e-Verification option if you choose to e-Verify your ITR immediately after filing.
However, if your books of accounts are audited, the return has to be e-verified using a DSC only.
Note: DSC needs to be registered first on the Income tax website before using it if not already registered.
Similar to the net banking method, the Income Tax Department offers this facility to generate code through the bank ATM to select banks. Therefore, the EVC generated through this process is valid for 72 hours. The code is sent to your registered mobile number.
If it is not possible to electronically verify your ITR, you can physically verify it. You will have to send a signed copy of the ITR-V to Income Tax Department. Following is the list of the important points you need to remember while following this process:
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
You need to verify your ITR within 30 days of filing. Failing to do so, the Income Tax Department will treat your ITR as invalid. In this case, you will have to file a belated return.
What is the e-Mail ID of CPC?There is no e-Mail ID to contact the CPC. The only way to contact them is through the toll-free number and chargeable contact number: 1800-425-2229
My demat account/bank account is inactive, can I e-Verify my return with this account?No. You need to have an active demat account/bank account which needs to be pre-validated and EVC-enabled on the e-Filing portal to e-Verify your return using your demat account/bank account.
Will delay in e-Verification attract any penalty?If you do not verify in time, your return is treated as not filed and it will attract all the consequences of not filing ITR under the Income Tax Act, 1961. However, you may request a condonation of delay in verification by giving an appropriate reason. Only after submission of such a request, you will be able to e-Verify your return. However, the return will be treated as valid only once the condonation request has been approved by the competent Income Tax Authority.
If I have filed a revised return, do I need to e-verify the original return or the previous return as well?
Nireka says: Joe_Fernandes:If I have filed a revised return, do I need to e-verify the original return or the previous return as well?
Hi @Joe_Fernandes, If you are filing a revised return, you can only verify the latest revised return. If the previous versions of revised returns or original return is not verified, it will ve deemed to be invalid and won’t be processed by the ITD. e-verification using Aadhaar OTP is the most widely used and fastest method to verify your return. Learn by Quicko – 3 Aug 23
It is important to e-verify the ITR otherwise it will be treated as an invalid return. Read to know the methods to e verify the ITR. Estimated reading time: 11 minutes
Nihal says:Hi,
I had filed and e-verified my return in November 2021. I still haven’t received my refund and got the same email. Do I need to do anything? and how long until I get my refund?
Hey @Nihal, In case you have successfully e-verified the return, you do not need to worry and can ignore the email.
Usually, the refund takes 6-9 weeks from the ITR being processed. However, it may vary based on the case-to-case basis. You can track your refund using this tool tools.quicko.com
To check Income Tax Refund status online, enter PAN and select the assessment year. The Income Tax Department issues the IT refund once the ITR is processed. Know your IT refund status using the Income Tax Refund status tool.
Hope this helps
Amulya_Garg says:In case you have successfully e-verified the return, you do not need to worry and can ignore the email.
Usually, the refund takes 6-9 weeks from the ITR being processed. However, it may vary based on the case-to-case basis.
You can track you refund using this tool tools.quicko.com
To check Income Tax Refund status online, enter PAN and select the assessment year. The Income Tax Department issues the IT refund once the ITR is processed. Know your IT refund status using the Income Tax Refund status tool.
Laxmi_Navlani says:Do I need to e-verify the ITR filed in response to defective return notice?hi @Archan434 No. There is no need to e-verify the ITR filed in response to defective return notice. HIREiN says:
@Sakshi_Shah1
@AkashJhaveri
@CA_Niyati_Mistry As per the rule ITR filing is mandatory if the Income is more than the basic exemption limit . Query : What is the penalty if the ITR not filed ? Since the Tax liability is zero .
Incase ITR is not filed:
(1) as you said : Income tax filing is mandatory in some cases …as you have mentioned above …
(2) Incase ITR is not filed : because : there are no loses incurred ; no taxable income etc ;
(3) you said : fees under section 234F may be applicable … (4) BUT . : what if the taxable income is zero ?
because ; as you said : the quantum of the fees depends on the Taxable income of the taxpayer .
So , no fees ; no penalty ! right ? =============================== so . even if : Income tax filing is mandatory in some cases ; if some one does not file the I.T. returns ; there is No harm in it ! am i right ?
what if the taxable income is zeroYes. Then there is no requirement to file. And no question of any penalty.
so . even if : Income tax filing is mandatory in some cases ; if some one does not file the I.T. returns ; there is No harm in it
You may receive a notice from the tax department asking you the reason why the return has not been filed. Many people who are not filing returns are facing this situation nowadays since all information regarding interest, rent, purchase/sale of securities, immovable properties, etc is being reported in AIS (Annual Information Statement). Then you will have to spend a lot of time and effort to comply with details requested from such a notice. So to save your time too - you can plan and file your returns well in advance of the due date.