e-Verify ITR using Axis Net Banking

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Aakash (Quicko Customer Success Representative)

e-Verify ITR
Income Tax Account
Net Banking
Last updated on February 8th, 2023

Completed e-filing? Well, the process doesn’t end there. e-Verification is compulsory after e-filing. e-Verification should happen within 120 days of e-filing your ITR. Because ITR is only processed once it is e-verified by a taxpayer. You can e-Verify ITR using Axis net banking services.

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e-filing helps you file your income tax return quickly over the internet. And e-Verification is quicker and less tedious than sending your signed ITR-V to CPC, Banglore.

The due date to e-Verify the returned filed in the previous Assessment Years - 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 has been extended to the 30th September 2020
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The due date to e-Verify the returned filed in the previous Assessment Years - 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 has been extended to the 30th September 2020

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Steps to e-Verify ITR using Axis Net Banking

  1. Go to Axis Bank Site

    Log in to your Axis net banking portal.Axis Net Banking Login Page

  2. Navigate to Income Tax e-Filing option

    Click on “Services > Tax services > Income Tax e-filing” from the top bar. Axis Net Banking - Income Tax e-Filing Option

  3. Confirm your account number

    Confirm the account number shown on the screen. Axis Net Banking - Confirm Account Number

  4. Enter the required details

    Fill in your Account number and PAN. Accept the terms & conditions and click on proceed.Axis income tax confirm

  5. You will be redirected to the Income tax e-filing portal.

    From the top bar select “My accounts > e-Verify returnse-Verify ITR Option on Income Tax e-Filing Portal

  6. Click on “e-Verify“.

    A pop up will be displayed asking for your confirmation.Option to e-Verify ITR

  7. Click on “Continue“.

    ITR will be e-verified.e-Verify ITR - Click on Continue

  8. Download the acknowledgement attachment.

    Your return is now successfully e-verified.Return successful_e-Verified_ITR-V

Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
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Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
Explore

FAQs

Is e-Verification of my ITR compulsory?

Indeed. Just filing your return doesn’t end the process. e-Verification after filing is compulsory. e-Verification has to happen within 120 days of e-filing.

I don’t have an Axis bank account how can I e-Verify?

If you don’t have Axis bank account you can use other bank accounts like SBI, Kotak, ICICI, HDFC, etc. A list of all the bank accounts is given on the Income-tax e-filing portal. Moreover, you can also e-Verify using
– Aadhar OTP,
– Net banking,
– Bank account
– Demat account or
– DSC

What are the ways to e-Verify?

Return filed online has to be e-Verified online. Consequently, You can e-Verify your returns using
– Aadhar OTP
– Net banking
– Bank account
– Demat account or
– DSC

What are the benefits of e-Verification?

First of all, by doing the e-Verification tax filer will not have to sign and submit the documents to the CPC office in Bangalore. Moreover, your returns will complete the procedure faster than compared to other means.

Got Questions? Ask Away!

  1. If I have filed a revised return, do I need to e-verify the original return or the previous return as well?

  2. 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.

  3. 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?

  4. 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 :slight_smile:

  5. Hi @abhishek_ranjan

    You can track you refund using this tool

  6. hi @Archan434

    No. There is no need to e-verify the ITR filed in response to defective return notice.

  7. @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 .

  8. Hi @HIREiN

    Income tax is mandatory in following cases:

    1. Income (before exemptions/deductions) exceeds basic exemption limit
    2. If you have foreign assets
    3. total deposits in current account > 1 crore
    4. expense on foreign travel > 2 lakh
    5. electricity charges > 1 lakh
    6. business sales > 60 lakh
    7. professional receipts >10 lakhs
    8. TDS/TCS > 25k (50k for senior citizen)
    9. deposits in savings account > 50 lakh

    Incase ITR is not filed:

    • Losses incurred (such as house property loss, short term/long term capital loss, etc) cannot be carried forward.
    • Even if tax liability is zero, fees under section 234F may be applicable if ITR is filed after due date. See this article.
  9. (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 ?

  10. Yes. Then there is no requirement to file. And no question of any penalty.

    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.

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