Skip to main content

How to e-verify your Income Tax Return

Best SIP Funds to Invest Online 



After filing your income tax returns, you need to get your ITR-V (return filing acknowledgement) verified. Earlier, it was mandatory for taxpayers to send the physical copy of ITR-V duly signed to income tax department in Bengaluru within 120 days of e-filing income tax return. Now, taxpayers can e-verify it in minutes in five different ways as explained here.

How e-verification process works?

Your income tax returns can be e-verified by generating an Electronic Verification Code (EVC) which is a 10-digit alphanumeric code and unique to a PAN. On one EVC code only one online income tax return can be verified, so in case you revise your income tax return, you need to generate another EVC. After verifying your return via EVC, you are no longer required to send the physical ITR-V to CPC Centre, Bengaluru. Let's understand ways to obtain EVC code:

1. E-verification through Net Banking

Login to your net banking and check whether they are authorised by the income tax department to provide e-verification facilities. Also, your PAN should be validated via KYC before using this method. Then login to your net banking account and select e-verify option, which will redirect you to the government e-filing portal. Here, click on my account on e-filing page which will generate the EVC. This will be sent on your registered email id and mobile number. Using this EVC you can then e-verify your return.

2. E-verification through Aadhar card OTP

To use this e-verification mode, login to government's e-filing portal. Your Aadhar card should be linked with this portal to generate OTP for e-filing. Then click on the option 'generate Aadhaar OTP to e-Verify my return'. After Aadhaar is authenticated and linked, an OTP will be sent to the taxpayer's registered mobile number. Then this OTP can be used to e-verify the tax return. This OTP is valid for 10 minutes. After completing this e-verification method, you can download the acknowledgement from registered email address.

3. E-verification through government e-filing portal

To e-verify IT returns using government e-filing portal www.incometaxindiaefiling.gov.in, taxpayers need to meet certain criteria i.e. income should be less than Rs 5 lakhs and you do not claim a refund. To use this mode, directly log on to the government's e-filing portal mentioned. After login, click on e-verify and the EVC is sent to your registered email address and mobile number. Use this EVC to complete the e-verification process. However, it's recommended to use other methods discussed for e-verification if you don't meet the set criteria or you are unsuccessful to complete the process.

4. E-verification through Bank's ATM

Some banks are registered with the IT department for providing e-verification facility. So check with your bank before proceeding. EVC can be generated by swiping your ATM card in your bank ATM and by selecting an option of Pin for e-filing. Then EVC will be received on registered mobile number which can be used to verify your income tax returns on government portal. This method is useful if you are unable to login to your net banking account to generate EVC.

5. E-verification through Demat account

Before using this method, you need to provide your depository details on government e-filing portal which should be confirmed by the depository. Then select profile setting on portal and pre-validate your demat account. Choose verification mode as EVC using a demat account. You will receive EVC on your registered mobile number. Enter this EVC on e-filing portal to complete the verification process.



SIPs are Best Investments as Stock Market s are move up and down. Volatile is your best friend in making Money and creating enormous Wealth, If you have patience and long term Investing orientation. Invest in Best SIP Mutual Funds and get good returns over a period of time. Know which are the Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds

For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

Popular posts from this blog

Tata Mutual Fund

Being a part of the Tata group, the fund has the backing of a very trusted brand name with strong retail connect. While the current CEO has done an excellent job in leveraging the Tata brand name to AMC's advantage, it is ironic that this was just not capitalised on at the start. Incorporated in 1995, Tata Mutual Fund remained an 'also-ran' fund house for around eight years. Till March 2003, it had a little over Rs 1,000 crore in assets and 19 AMCs were ahead of it. But soon after that the equation changed. It was the fastest growing fund house in 2004 and 2005. During these two years, it aggressively launched six equity funds, two debt funds and one MIP. The fund house as of now stands at No. 8 in terms of asset size. This fund house has a lot to offer by way of choice. And, it also has a number of well performing schemes. Tata Pure Equity, Tata Equity PE and Tata Infrastructure are all good funds. It also has quite a few good debt funds. The funds of Tata AMC are known to...
Read more

UTI Mutual Fund

Even though only a few of UTI’s funds are great performers, this public sector fund house has many advantages that its rivals do not. It has a huge base of retail equity investors and a vast distribution network. As a business, it looks stronger than ever, especially in the aftermath of credit crunch. UTI is, by a large margin, the most profitable fund company in the country. This is not surprising, since managing equity funds is more profitable than debt. Its conservative approach and stable parentage is likely to make it look more attractive to investors in times to come. UTI’s big problem is the dragging performance that many of its equity funds suffer from. In recent times, the management has made a concerted effort to improve performance. However, these moves have coincided with a disastrous phase in the stock markets and that has made it impossible to judge whether the overhaul will eventually be a success. UTI’s top performers are a few index funds, some hybrid funds and its inf...
Read more

Salary planning Article

1. The salary (basic + DA) should be low. The rest should come by way of such allowances on which the employer pays FBT and you don't pay any tax thereon. 2. Interest paid on housing loan is deductible u/s 24 up to Rs 1.5 lakh (Rs 150,000) on self-occupied property and without any limit on a commercial or rented house. 3. The repayment of housing loan from specified sources is also deductible irrespective of whether the house is self-occupied or given on rent within the overall ceiling of Rs 1 lakh of Sec. 80C. 4. Where the accommodation provided to the employee is taken on lease by the employer, the perk value is the actual amount of lease rental or 20 per cent of the salary, whichever is lower. Understandably, if the house belongs to a family member who is at a low or nil tax zone the family benefits. Yes, the maximum benefit accrues when the rent is over 20 per cent of the salary. 5. A chauffeur driven motor car provided by the employer has no perk value. True, the company would...
Read more

8 Investing Strategy

The stock market ‘meltdown’ witnessed since the start of 2005 (notwithstanding the recent marginal recovery) has once again brought to the forefront an inherent weakness existent in our markets. This is the fact that FIIs, indisputably and almost entirely, dominate the Indian stock market sentiments and consequently the market movements. In this article, we make an attempt to list down a few points that would aid an investor in mitigating the risks and curtailing the losses during times of volatility as large investors (read FIIs) enter and exit stocks. Read on Manage greed/fear: This is an important point, which every investor must keep in mind owing to its great influencing ability in equity investment decisions. This point simply means that in a bull run - control the greed factor, which could entice you, the investor, to compromise with your investment principles. By this we mean that while an investor could get lured into investing in penny and small-cap stocks owing to their eye-...
Read more

Debt Funds - Check The Expiry Date

This time we give you an insight into something that most debt fund investors would be unaware of, the Average Portfolio Maturity. As we all know, debt funds invest in bonds and securities. These instruments mature over a certain period of time, which is called maturity. The maturity is the length of time till the principal amount is returned to the security-holder or bond-holder. A debt fund invests in a number of such instruments and each of these instruments would be having different maturity times. Hence, the fund calculates a weighted average maturity, which would give a fair idea of the fund's maturity period. For example, if a fund owns three bonds of 2-year (Rs 30,000), 3-year (Rs 10,000) and 5-year (Rs 20,000) maturities, its weighted average maturity would be 3.17 years. What is the big deal about average maturity then, you may ask. Well, knowing a fund's average maturity is important because it tells you how sensitive a fund is to the change in interest rates. It is ...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now