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    Know about ITR-V and E-Verification Process

    1. What is ITR-V: ITR-V stands for Income Tax Return-Verification. It is an acknowledgement confirming that the data mentioned in the Income Tax Return has been transmitted electronically to the Income Tax Department of India (herein after referred to as “ITD”).

     

    1. What happens if an Individual doesn’t verify the data transmitted to ITD: The ITD will not treat the data valid unless it is verified by the Individual.

     

    • Downloading ITR-V: After successful filing of Income Tax Return, the ITD will mail the ITR-V to the e-mail ID mentioned in the Income Tax Return. Alternatively, individuals can download it from https://www.incometaxindiaefiling.gov.in/ after login.

     

    1. How to download ITR-V: Follow the below mentioned steps in order to download ITR-V by log-in into

     

    ITD’s e-Filing portal.

     

    1.Go to https://www.incometaxindiaefiling.gov.in/;

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    2.Log in with e-filing user ID and password;

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

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    SBS Interns' Digest                                                                                                                          www.sbsandco.com/digest

     

    In the case of Individuals, User ID should be their Permanent Account Number (“PAN”). Once enters PAN as user ID, then DOB field will appear. DOB should be as per the PAN.

     

    1. Go to e-Filed Returns/Forms under My Account;

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    1. Click on Acknowledgement number for the respective Assessment Year (“A.Y.”);

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    1. Click on ITR-V / Acknowledgement; and

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Note: Watch the detailed video tutorial about downloading ITR-V https://www.youtube.com/chaireturnonline.

     

     

     

     

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    Know about ITR-V and E-Verification Process

     

     

    SBS Interns' Digest                                                                                                                          www.sbsandco.com/digest

     

    1. Password of ITR-V: ITR-V is password protected PDF format file. To open PDF enter PAN in lower case and date of birth in DDMMYYYY format without any space between the PAN and Date fields. For example if PAN is ABCPA1234A and date of birth is November 17, 1985 then the password will be

     

    1. Verifying the Income Tax Return: After downloading ITR-V every Individual is having two options to

     

    verify the data:

     

    1. Verifying the Income Tax Return by sending it to CPC, Bengaluru: After downloading ITR-V individuals can send a signed copy of ITR-V to CPC, Bengaluru for verification of data within 120 days from the date of transmitting the data electronically. Before sending the ITR-V one must check that the following requirements are ensured:

     

    • The Capacity should be mentioned as Individual;

     

    • Sign the ITR-V;
    • In case your return is filed by a Tax Return Preparer (TRP), the details of TPR (identification number, name) and signature of TRP should be mentioned; and

     

    • ITR-V should be sent to CPC, Bengaluru within 120 days from the date of transmission of data electronically through ordinary post or speed post only.

     

    After ensuring the above requirements send the ITR-V to below mentioned address:

     

     

    Income Tax Department - CPC,

     

    Post Bag No - 1,

     

    Electronic City Post Office,

     

    Bengaluru - 560100,

     

    Karnataka.

     

     

     

    1. E-Verification of Income Tax Return:

     

    • What is e-verification: e-verification is a new concept introduced by ITD for easy verification of data provided in the Income Tax Return. It acts as an alternative for sending a signed copy of ITR-V to CPC, Bengaluru. E-verification is introduced on 13th July, 2015 and is applicable from that date. E-verification can be done by the individuals who filed their Income tax return online.

     

    • Electronic verification code (EVC): EVC means a code generated for the purpose of electronic verification of the person furnishing the return of income as per data structure and standards specified by Principle Director General of Income tax (Systems) or Director General of Income tax (systems). It is a 10 digit alphanumeric code which is valid for 72 hours from the generated time.

     

     

     

     

     

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    Know about ITR-V and E-Verification Process

     

     

    SBS Interns' Digest                                                                                                                          www.sbsandco.com/digest

     

    VII. E-Verification process: The following are the various modes available for the Individual for e-

     

    verification.

     

    1. EVC through registered mobile number and e-mail ID:

     

    1. This option is available to Individuals whose total income is Less than 5 lakh rupees and there is no refund;
    2. EVC will be sent to the Mobile number and e-mail ID registered with Income tax department;
    3. Individuals have to enter the EVC in the box provided, proceed to submit and the process of e-verification is done.

     

    1. Aadhaar OTP:

     

    1. To generate Aadhaar OTP, individuals PAN and Aadhaar number must be linked;

     

    1. If Aadhaar and PAN are not linked, a popup will appear asking you to link your Aadhaar card and PAN card;

     

    1. The name provided while applying for PAN and Aadhaar card should be matched;
    2. After successful linking of Aadhaar and PAN card, Aadhaar OTP will be sent to “Mobile number registered with Aadhaar number”;

     

    1. Enter the Aadhaar OTP in the box provided, click on submit and e-verification is done.

     

    1. EVC through Internet Banking:

     

    1. e-verification using this option requires PAN of the individual assessee to be linked to the Bank Account;
    2. Upon clicking on EVC – through net banking, a screen with instructions will appear, proceed by clicking on Continue;

     

    1. Now the e-filing account will be logged out and will be directed to a new page where a list of banks which are available for e-verification will appear;

     

    1. Clicking on the bank redirect to the bank’s Internet Banking login screen;
    2. Login to internet banking;
    3. There will be an option for login to Income Tax Website (e-filing) through Internet Banking (different for different banks), click on that option;

     

    1. This will direct to the Income Tax India e-filing website with user logged in;
    2. Click on e-verify and then on continue, e-verification is done.

     

    1. EVC using Automated Teller Machine (ATM) of a Bank:

     

    1. e-verification using this option requires PAN of the client to be linked to the Bank Account of user;

     

    1. An Individual can visit the ATM of the bank and e-verify the return by authentication using ATM PIN;

     

    1. On the ATM screen a new option called “Generate EVC” is available (Only available at ATMs of specified banks). Clicking on it will generate an EVC to the registered mobile number.

     

     

     

     

     

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    Know about ITR-V and E-Verification Process

     

     

    SBS Interns' Digest                                                                                                                          www.sbsandco.com/digest

     

    1. EVC generated by giving bank details:

     

    1. This is a new option notified by the Income tax department on 19th January, 2016 and is applicable from that date;
    2. A facility to pre validate Bank Account details is provided to the individuals under Profile settings in the website;

     

    1. Individuals has to provide the following bank account details:
    1. Bank Account Number;
    2. Indian Financial System Code (IFSC); and
    3. Email ID and Mobile number.
      1. The details provided by the individual will be validated against the details registered with the bank;

     

    1. If pre validation is successfully completed, individual can opt to “Generate EVC using bank account details”.

     

    1. EVC generated using demat account authorisation:

     

    1. This is a new option notified by the Income tax department on 19th January, 2016 and is applicable from that date;
    1. A facility to pre validate Demat details is provided to the individuals under Profile settings in the website;

     

    1. Individuals has to provide the following demat account details:
    1. Demat Account Number;
    2. Email ID and Mobile number.
    3. The details provided by the individual as per e-filing will be validated against the details registered with depository (CDSL/NSDL);

     

    1. If pre validation is successfully completed, individual can opt for “Generate EVC using Demat account details”;

     

    1. EVC will be sent to Email ID and/or mobile number verified from CDSL/NSDL.

     

    File your Income Tax Returns online at:

     

    https://www.chaireturn.com

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