Monday 13 July 2015

How to do Electronic Verification of Income Tax Return

Electronic Verification Code (EVC) for electronically filed Income Tax Return
Notification No. 2/2015 dated13/07/2015 regarding Electronic Verification Code (EVC) for electronically filed Income Tax Return as an alternative mode of verification released.
EVC would verify the identity of the person furnishing the return of income .

Electronics Verification can be done while uploading Income Tax Return
1.  Upload Return   Click Submit
2.  The Return is uploaded (Pending for e-Verification)
3.  Four e-Verification options provided – Taxpayer can choose any one of the options provided to e-Verify the return.

Electronics Verification can be done of an already uploaded Income Tax Return
1.  Click e-Verify Return under e-file.
2.  Uploaded returns (120 Days) which are yet to be e-Verified are displayed in a table.
3. Click on e-Verify (for the return already uploaded)
4.  Three e-Verification options provided – Taxpayer can choose any one of the options provided to e-Verify the return.

Four options provided to E-verify the return are as follows:-
♠  Option-1  “I already have an EVC and I would like to Submit EVC”
Option-2 “I do not have an EVC and I would like to generate an EVC”
Option-3 “I would like to generate Aadhaar OTP to e-Verify my return”
♠  Option-4  “I would like to e-Verify later/ I would like to send ITR-V”

Option 1 –

“I already have an EVC and I would like to Submit EVC” ( EVC which is generated is valid for 72 hours)
Step 1: Provide the EVC in the text box Click Submit.
Step 2: Download the Acknowledgement (No Further action required).

Option 2 –

“I do not have an EVC and I would like to generate an EVC” (In this option, EVC code will be send on registered mobile number and Email id with Income tax e-filing website)
Two options are provided – Taxpayer can choose any one of the options if they do not have an EVC
i. Generate EVC through Net Banking.
ii. Generate EVC to registered Email Id and Mobile Number.

Generate EVC through Net Banking:
Step 1: Login to e-Filing Portal through Net Banking.
Step 2: Click on e-Verify return.

Generate EVC to registered Email Id and Mobile Number:
Step 1: Enter the EVC sent to your registered Email Id / Mobile Number and Submit to e-Verify return.
Step 2: Download the Acknowledgement (No Further action required).

Option 3 –

“I would like to generate Aadhaar OTP to e-Verify my return” (This option can be used only if Your mobile number is registered with Aadhar)
Pre-requisite: Taxpayer’s PAN and Aadhaar should be linked.

If Aadhaar is not linked, click on Link Aadhaar button and link the Aadhaar.
Step 1: Enter the Aadhaar OTP sent to your Mobile Number registered with Aadhaar and Submit to e-Verify return.
Step 2: Download the Acknowledgement (No Further action required).

Option 4 –

“I would like to e-Verify later/ I would like to send ITR-V” (In this option, within 120 days ITR V can be send or using above options can be used within 120 days)
Step 1: Click on Continue   Download ITR-V
Step 2: Submit ITR-V to CPC, Bangalore.


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Important: Pending for PAN-Aadhaar Linking