e-Filing 2.0
New Income Tax Filing Features
e-Filing 2.0
New Income Tax Filing Features
Maharshi Shah
2020-06-12 13:10:29Filing your ITR is not the last step of the process. It is equally important to e verify your ITR. The Income Tax Department (ITD) processes your return only after the completion of the verification process of the ITR. Moreover, only returns that have been verified are eligible for refunds. Additionally, if you do not verify your return, it will be treated as an invalid return. Therefore, in this case, you will have to file a belated return.
It is important to e verify the return in 120 days. You can either complete the process of verification online by e-verification or by physically submitting the ITR-V to CPC, Bangalore. Given below are the methods one can use to complete the process of e-verification of ITR:
To verify your ITR using this method, you will be required to link your Aadhaar to your registered mobile number. Moreover, you must also link your PAN to your Aadhaar.
You will need to log in to the Income Tax e-Filing Account and navigate to the “e-Verify Return” option under the “My Account” option from the dashboard. You will receive an SMS with the 6 digit OTP.
This facility is only applicable to certain banks. You can check the list of the banks that offer this facility on the Income Tax e-Filing portal. 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. Hence, you can generate an EVC using this option on the Income Tax e-Filing portal to e-Verify your ITR.
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. Some of the banks that offer the facility to verify your ITR are listed below:
You can find the entire list of the banks that offer the Netbanking facility on the Income Tax e-Filing portal. Additionally, the EVC generated via this method is valid for 72 hours.
Similar to the netbanking method, the Income Tax Department offers this facility to generate code through the bank ATM to select banks. Currently, only six banks are allowed to avail of this facility.
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:
Time needed: 5 minutes.
Given below are the steps to e-verify the ITR on the Income Tax e-Filing Portal.
Firstly, login to your account and click on My Account > e-Verify Return.
Click on the “e-Verify” option.
Choose from the options given to complete the process to e-Verify your ITR.
You need to verify your ITR within 120 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 revised return.
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. The toll free number of CPC is: 1800-425-2229
The password to open the ITR-V document is the combination of your PAN and D.o.B, the last 5-digits of your PAN number and D.o.B in the ddmmyy format.
It can be done multiple times till the expiry of the one year time limit.
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.
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
Hope this helps