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.
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.
Yes. Penalty up to Rs. 10,000 is levied on taxpayer u/s 234F. However, no penalty is levied if the gross total income of a taxpayer is below Rs. 2,50,000.
Can a belated return of income filed u/s 139(4) be revised?
Yes, ITRs from FY 16-17 falling under Section 139(4) can be revised if they are applicable for Belated Tax Returns. However, earlier filed belated returns cannot be revised.
What is meant by a Belated Return?
If an Assessee fails to file his/her return in the prescribed timeline mandated in the Income Tax Act but files it after the due date has passed is referred to as a “Belated Return”. The due date for filing a Belated Return is during or before the end of the relevant Assessment Year.
TDS is an indirect method of collecting Income Tax. The person receiving payments after-tax is entitled to the tax credit of the amount deducted. This tax credit can be claimed on the basis of Form 16A which is issued by the deductor or Form 26AS which can be downloaded from e-Filing account on incometaxindiaefiling.gov.in. Moreover, the Income Tax e-Filing portal provides the function to upload the TDS return file.
Click on e-File > Income Tax Forms > File Income Tax Forms from the dashboard.
Click on the “File Now” option on the Deduction of Tax at Source – TDS Form card.
Proceed to Upload TDS Form
Click on the “Let’s Get Started” option on this page.
Enter required details
Enter the following details and then click on Proceed to e-verify: a. Select Form from dropdown b. Enter Financial Year and Quarter c. Select Upload Type d. Upload TDS zip file
e-Verify TDS Return
Validate the return using the OTP sent to the registered mobile number to complete the process.
Therefore, you will receive a success message on the completion of the process.
In case you have not generated your DSC, you will be able to validate the TDS statements using the Electronic Verification Code (EVC). After uploading the TDS file, click on the “e-Verify” option.
What is the quarterly e-TDS statement?
TDS/TCS returns filed in electronic form as per section 200(3)/206C, as amended by Finance Act, 2005, are quarterly TDS/TCS statements. As per the Income Tax Act, these quarterly statements are required to be furnished from FY 2005-06 onwards; however, as advised by Income Tax Department, acceptance of e-TDS/TCS statements pertaining to Financial Years prior to 2007-08 has been discontinued at TIN. The forms used for quarterly e-TDS statements Forms are Form 24Q, Form 26Q and, Form 27Q and for the quarterly e-TCS statement in Form No. 27EQ. These statements filed in CD/Pen Drive should be accompanied by a signed verification in Form No. 27A in case of both, e-TDS/TCS statements.
Who is required to file e-TDS/TCS statements?
As per the Income Tax Act, 1961, all corporate and government deductors/collectors are compulsorily required to file their TDS/TCS statements in electronic form i.e. e-TDS/TCS returns. However, deductors/collectors other than corporate/government can file either in physical or in electronic form.
What are the due dates for filing quarterly TDS Returns?
The due dates for filing quarterly TDS returns, both electronic and paper are as under: – For Quarter starting from April till June due date is 31st July – Quarter starting from July till September due date is 31st October – For Quarter starting from October till December due date is 31st January – For Quarter starting from January till March due date is 31st May
Employers and organizations have the authority to deduct the Tax at source (TDS). Hence, they can verify the TDS form filed on the Income Tax e-Filing portal. The TDS statement/ includes details such as the TAN, PAN number, particulars of the tax paid to the government, information regarding the TDS challan among other details as required in the forms that are to be submitted.
Click on e-File > Income Tax Forms > View Filed Forms
Upon clicking on the option to view the filed forms, you will be redirected to the page showing the list of forms filed previously.
What is a correction TDS/TCS statement?
Deductor/collector is required to furnish one regular TDS/TCS statement for a particular TAN, Form, Financial year and quarter. In case there are any additions/updates to be made to the details of the regular statement accepted at the TIN central system, the same should be done by furnishing a correction statement.
How can I check my TDS online?
Follow these steps to check TDS credit in Form 26AS. – Go to the Income Tax Website – Login to the portal – Under the My Account tab click on ‘View Form 26AS’ – Select PDF format and desired year to download – Open the PDF file. Use your date of birth mentioned in your PAN to access the document.
How can I check my TDS statement status?
– Login to the Income Tax Website – Under the My Account section click on ‘Refund/Demand Status’ – The Status of your TDS Return will be shown below.
The taxpayers have the option to raise a service request on the e-filing portal. The e-filing portal provides the following two options to the taxpayers with respect to filing a condonation request:
Condonation of delay due to late submission of ITR-V (Submission after 120 days of filing the ITR)
Condonation request for filing ITR after getting time-barred (If you fail to file your ITR before the due date)
An individual has to verify the Income Tax Return (ITR) after filing it. The e-verification process of ITR should be complete within 120 days of filing. An ITR filed but not verified is treated as an invalid return by the Income Tax Department (ITD). An invalid return would mean that the taxpayer has not filed the ITR for a particular assessment year. In that case, the taxpayer has to file the ITR again.
Income Tax Return & ITR-V is submitted after 120 days of filing the return
Failure to file your ITR before the end of the relevant Assessment Year (AY)
Steps to File Condonation Request on e-Filing Portal for Delay in Submission of ITR-V
Once you move to the next page, click on the create new condonation request option.
Select the appropriate record
On the Select ITR page, select the record for which you want to raise a condonation request for delay in ITR-V submission and click Continue.
Provide a reason
On the Provide reason for delay page, select the reason of your delay and click Submit.
A success message along with a Transaction ID is displayed. Please keep a note of the Transaction ID for future reference. You will also receive a confirmation message on the email ID and mobile number registered with e-Filing portal.
File Condonation Request for Filing ITR after Time-Barred
Login to the portal and click on Services > Condonation Request from the dashboard.
On the condonation request page, choose the second option “Allow ITR Filing after time-barred”
On the Filing after time-barred [u/s 119(2)(b)] page, click Create Condonation Request
Enter the following details in the next page:
Select the Request Category, Assessment Year, ITR, Claim Value, Filing Type, Reason for Delay & ITR Type from the options
Upload your JSON file of the ITR for which you want to submit condonation of delay request by clicking Upload ITR option
Upload supporting documents (PDF /XLS) for which you want to submit condonation of delay request by clicking Upload documents option and select the Document Description (Maximum 5 files can be uploaded each of which should not be more than 5 MB)
After successful submission, select your preferred option on the e-Verify page.
How will I know if my service requests have been approved?
You can see the status of the service requests in your dashboard. Navigate to the particular record where you can view the status of the approval.
Can anyone else submit request for condonation of delay / raise refund reissue request on my behalf?
Authorized signatory / Representative assessee / ERIs can submit requests for condonation of delay / raise a refund reissue request on behalf of the assessee.
Can ERIs raise a request for condonation of delay / raise refund reissue request?
Yes. ERIs can raise a request for condonation of delay / raise refund reissue request.
Is it certain that my condonation request will be accepted?
It is not certain that your request for condonation of delay will be approved. The ITR will be treated as invalid till the request is approved. Condonation of delay is at the discretion of the competent Income Tax Authority.
Is there a time limit to file condonation request?
As per the directions from CBDT vide Circular No. 9/2015 dt. 9-6-2015, no condonation request will be entertained beyond six years from the end of assessment year for which the request is raised. It should be noted that delays related to only genuine hardships are considered for approving any request for condonation of delay.
If a taxpayer is liable to audit as per Section 44AB of the Income Tax Act, he/she must appoint a Chartered Accountant in practice to conduct a tax audit. The CA would prepare and upload the Tax Audit Report on the Income Tax e-Filing portal. Once the audit report is filed, the taxpayer should accept / reject tax audit report. Once the audit report is filed, the taxpayer can file the Income-Tax Return. In this article, we discuss the 4 important functions when it comes to audit report filing on the income tax portal:
Taxpayer appoints practicing CA for Tax Audit
CA accepts/rejects the appointment
CA file the Tax Audit Report
Taxpayer accepts/rejects Tax Audit Report
Steps to Accept and File Tax Audit Report on Income Tax E-Filing Portal
Navigate to the profile and click on the worklist option.
Under the “For your action” section, click on the accept option for the form request.
Clicking on accept form would take you to the pending for filing section. Click on the option to file form.
Verify the details presented on the screen and click on continue.
Upload filled forms
In the next window, upload the supporting documents such as balance sheet, profit & loss, cost audit, etc.
File Audit Report
Finally, attach the DSC and submit the form.
How to approve an Audit Report?
Approving your Audit Repost is easy and can be done in 5 steps:
1. Log in to Income Tax Department Website with your Client ID. 2. Go to “Worklist” and click on “For Your Action” 3. Under the “For Your Action” tab click on “Click Here” 4. Search your Form by filtering the Assessment Year and Form Name. 5. Click on ‘View Form’ 6. Click on “Approve” and Choose your Signature File.
When should we file Tax Audit Report?
A Tax Audit Report should be filed anytime before the due date of filing the Report. The last date to file the Report this year is September 30. Please note that the Tax Auditor should submit the Tax Audit Report online by using his login details in the capacity of ‘Chartered Accountant’. Taxpayers must also add the details of their Chartered Accountant in their login portal.
Can I revise my Tax Audit Report?
Yes, it can be revised. If you wish to revise your Tax Audit Report, please keep in mind that the Report should be submitted in a manner as prescribed by the Institute in SA-560 (Revised) “Subsequent Events”.
A Chartered Accountant (CA) in practice needs to get himself/herself registered on the Income Tax e-Filing Portal as a Tax Professional to upload the Tax Audit Report for his/her client. To register as CA on the Income Tax e-filing portal, the Chartered Accountant should create a professional account and cannot use the individual account.
Click on Pending Action from the dashboard and select worklist from the drop-down.
You can accept or reject the audit report from this dashboard.
Once the assessee approves the audit report, the filing process is complete and it would be taken up for processing by the tax officer. In the case of a rejection, the CA has to upload the audit form again after making the necessary changes.
Tax Audit is required when the turnover of a taxpayer exceeds Rs. 1 cr in a particular Financial year. Filing Tax Audit is compulsory in order to file ITR. Tax Audit can only be filed by a CA.
What happens if I don’t submit my Audit report?
Taxpayers are required to submit a Audit report filed by their CA u/s 44AB. However, if the taxpayer fails to get his accounts audited, then he/she will be liable for penalty under section 271B. The penalty shall be levied 1.5% of the total sales of INR 1,50,000 whichever is less.
What is Income Tax Grievance on the e-Filing portal?
The Income Tax Department (ITD) has introduced Grievance to address all the grievances under the income tax platform. It is a paperless mode of lodging complaints. Taxpayers can file their grievance application related to:
Centralized Processing Centre (CPC),
TDS Reconciliation Analysis and Correction Enabling System (TRACES),
Directorate of Income Tax (Systems),
National Securities Depository Limited (NSDL),
Unit Trust of India (UTI) and
Furthermore, this system ensures faster and timely resolution of problems of the taxpayers. Moreover, offline and online complaints are integrated into the central system to avoid duplicity. The system automatically assigns the complaint filed to a designated department. Additionally, taxpayers can track the status of their complaints and receive updates on them.
Types of Grievance
The following departments are available under this section:
Steps to File Income Tax Grievance Report
Follow steps 1 through 6 if you are an unregistered user and steps 7 through 12 if you are a registered user
Visit the e-Filing portal and scroll down to the footer and click on the Grievances option under the contact us section.
Click on the “I have a PAN/ TAN” option if you have one or select the other option. Enter the number in the space provided and click next.
Login to Account
If you select the first option, you will be redirected to the login page, enter the valid credentials and complete the login process.
Submit a Grievance
You will moved to the submit a grievance page. Select the appropriate option from the options provided and submit the grievance details.
Once done, you will receive a success message on your screen and will also receive a transaction ID. You will also receive an email on your registered email ID.
Steps to Track or View Income Tax Grievance
Select the option to View Grievance from the bottom of the e-Filing portal page
Select the appropriate option and enter the details such as:
What is the time taken to resolve issues through grievance?
The CBDT aims to provide a solution to Taxpayer issues within 30 days after the complaint has received.
I am not able to view the my filed ITR on the income tax portal. What should I do?
If you are not able to download the filed ITR form on the IT portal, taxpayers must file a grievance report. In such a case, you can navigate to grievance option from the footer of the IT website. Select the appropriate options from the dropdowns of department, category and sub-category. You can also add screenshots in the jpg or pdf format as further proof.
The e-verify option on the income tax portal is unresponsive. What should I do?
If the e-verify button is unresponsive on the IT portal, taxpayers must file a grievance report. In such a case, you can navigate to grievance option from the footer of the IT website. Select department as efiling and the category as verification of returns/forms and finally select the appropriate sub-category and submit the grievance with available screenshots.
It is mandatory to verify the Income Tax Return (ITR) after the user has filed it. The Income Tax Department (ITD) starts processing the return after the verification process is complete. The ITD has given various methods to verify returns. The taxpayer can either verify their return electronically or physically. e-Verifying returns through a Demat Account is one of the methods. Furthermore, the verification process involves generating an Electronic Verification Code (EVC). Therefore, it is important to prevalidate the Demat Account to generate the EVC. The service of “My Demat Account” allows the user to:
Add a demat account
Remove an existing demat account
Enable or Disable EVC
Update Primary Contact Details as per the contact details linked with the demat account
Re-validate failed demat account
Registered user on the e-Filing portal with valid user ID and password
Valid demat account with NSDL or CDSL linked with PAN
For NSDL Depository type, you must have a DP ID and Client ID
For CSDL Depository type, you must have a demat account number
Valid mobile number and email ID linked with demat account
Steps To Pre-Validate Demat Account
Login to efiling portal
Login to the Income Tax efiling portal.
Click on the my profile option from the top right.
Click on the Demat account option from the left.
View Demat Accounts
You will be able to view the list of Added, Failed and Removed Demat Account along with the option to Add Demat Account.
How do I generate EVC through Demat account?
EVC can be generated through your Demat account only if your details are validated by your depository. Go to “Generate EVC” > “Generate EVC through Demat account”. An EVC will be sent to your registered mobile number.
How do I know what my Demat account type is?
If your Demat account number starts with alphabets then it is provided by NSDL. While if your Demat account number starts with Numerics then it is provided by CDSL.
How do I pre-validated my bank account for e-Verification?
Before e-Verifying ITR through a bank account, you first need to make sure that your bank account is pre-validated. For pre-validation, you have to select your bank name, enter the bank account number, Account type, IFSC code and your registered mobile number and prevalidate. Note that, for the pre-validation, your name, PAN and mobile number must match with the bank records.
Can I enable EVC for multiple demat accounts?
No. EVC can be enabled for only one demat account at any point of time. If you try to enable EVC for another demat account, then you will receive a message to disable EVC option for the existing account. Once you disable EVC option from the existing account then you can enable it for another account.
What should I do in case it says validation failed for my demat account?
In case the validation fails, a message with Reason of failure along with the action to be taken will appear on the screen. You can re-validate, update the details and submit request again.