ITR e-Verification: Filling Income Tax Returns is a must early exercise for all taxpayers as it contains information about their income in the previous fiscal year. The due date for filing income tax returns is July 31. However, only filing the returns is not sufficient. It is essential to authenticate the income tax return after filing it. Taxpayers may e-verify their ITR online to complete their filing procedure.
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The e-filing procedure
To e-verify, you visit the e-filing portal of the Income Tax Department. Then sign in using your User ID and password. Next, hit the “e-file” tab and pick “e-verify return”. Now, provide your PAN number. Next, The assessment year needs to be selected and then you have to fill ITR Filling the acknowledgment number. You must then enter your mobile number and press Continue.
Read More: What Is Form 16? Here’s Why Salaried Employees Need It For ITR Filing
The procedures for e-verifying ITR
There are procedures for e-verification. You may e-verify through your Aadhaar-linked mobile number using OTP. You can also do it using your pre-validated bank account and it can also be done via your pre-validated demat account. You can also do e-verification via ATM and Netbanking as well. After the e-verification procedure is finished, you will receive a success message. It will also include a transaction ID. An email will then be sent to your email address from the e-filing portal.
The e-verification process can also be completed offline- It is important to understand that e-verification is not the only method to validate an ITR. You can sign the ITR-V form and mail a copy to the Bengaluru office of the Income Tax Department.
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The e-verification process ensures tax returns
The government has yet to announce the deadline for ITR filing this fiscal year. So the date is expected to be 31 July. This implies that you must file your ITR by this date. You should not delay filing your returns until the last minute. However, if you are a salaried taxpayer, you will only be able to file your return after receiving Form 16 from your employer. It is critical to remember that filing your return before 31 July will result in a faster refund.
