time limit
Verification of return must be completed within 120 days from the date of filing revenue tax return. If you have filed your ITR after the July 31, 2022 deadline (i.e., on or after August 1), the window for e-verifying your tax return has been reduced to 30 days.
Read also:
Also read: ITR-V submission: Deadline for ITR verification reduced to 30 days
Read also:
Here are 6 ways to verify income tax returns
Consequences of not verifying the return
Since a return filed without verification is considered invalid, it will amount to non-filing of the return, and the consequences of delay in filing the return may apply. If the verification is not done within 120 days, the assessee will have to submit a request for forgive citing the reason for the delay. The return is considered verified only when the waiver request is approved by the tax authorities.
Ways to e-verify the return
There are six ways to e-verify income tax returns:
- Using the OTP sent to the mobile number registered with Aadhaar after logging into the Income Tax e-filing website.
- EVC generated through the pre-validated bank account of the assessee.
- EVC a prevalidated . generated through demat account,
- EVC (offline method) through ATM.
- By selecting the Income Tax Return Filing tab net banking and follow the e-verification process.
- By using Digital Signature Certificate (DSC).
things to note
- The alternative is to send a signed physical copy of the IT return to CPC Bangalore.
- An authorized representative can also e-verify the return on behalf of the assessee using the credentials of the authorized representative / assessee through Aadhaar OTP, Net Banking or Bank / Demat account EVC process.
Content on this page is courtesy of Center for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.