Filing 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.
Methods for ITR Verification
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:
- Aadhaar OTP
- Bank Account
- Demat Account
- NetBanking
- Bank ATM
- Physical verification of ITR by sending a copy of ITR-V to CPC, Bangalore
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e Verify ITR using Aadhaar OTP
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.
e Verify ITR using Bank Account
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.
e Verify ITR using Demat Account
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.
e Verify ITR using NetBanking
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.
e Verify ITR using Bank ATM
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.
Send ITR-V to CPC
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:
- It is a one-page document which should be signed in blue-ink and you cannot courier ITR-V
- You do not have to send any supporting documents along with ITR-V
- You will receive an intimation via SMS on your registered mobile number and e-Mail ID once the ITD receives your ITR-V form
- The address of CPC Bangalore for speed post: CPC, Post Box No. 1, Electronic City Post Office, Bangalore – 560100, Karnataka, India
Sample ITR-V Form
How to e Verify ITR?
Given below are the steps to e-verify the ITR on the Income Tax e-Filing Portal.
- Visit the Income Tax e-Filing portal
Firstly, login to your account and click on My Account > e-Verify Return.
- Select the appropriate return
Click on the “e-Verify” option.
- e-Verification options
Choose from the options given to complete the process to e-Verify your ITR.
FAQs
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.
