Hello Auditor

What is e-verification of income tax return?

Meaning of E-Verification

  • E-verification is the process of confirming the authenticity of your filed Income Tax Return (ITR) electronically.
  • It replaces the traditional method of sending a signed physical ITR-V form to the tax department.
  • It is a mandatory step to complete the filing process.
  • Without e-verification, the return is treated as not filed.
  • Must be done within 30 days of filing the return.

Why E-Verification Is Important

  • Only after e-verification, the Income Tax Department processes the return.
  • It allows the CPC to compute tax, issue refunds, or raise queries.
  • Prevents misuse or unauthorized filing of returns.
  • Ensures faster processing of refunds.
  • Establishes that the taxpayer has reviewed and submitted the return accurately.

Who Can Use E-Verification

  • All individuals, salaried persons, freelancers, and HUFs can e-verify returns.
  • Not mandatory for companies and firms using digital signatures.
  • Useful for taxpayers who wish to avoid posting documents.
  • Also applicable when submitting responses to notices or rectifications.
  • Available to both residents and non-residents with valid credentials.

When E-Verification Is Done

  • It must be completed immediately after filing or within 30 days.
  • Can also be done after filing by logging in later.
  • Returns filed but not verified are considered invalid.
  • Late verification may lead to delay in processing or rejection.
  • Timely e-verification triggers CPC to process the return.

Methods of E-Verification

  • Through Aadhaar OTP linked to PAN.
  • Using net banking of a linked bank account.
  • Through bank account or demat account validation.
  • Using electronic verification code (EVC) received on email or mobile.
  • Through a digital signature certificate (DSC) for certain taxpayers.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *