E-Verify Your ITR Before Last Day: Check Step-by-Step Aadhaar OTP Guide Here

 

ITR E-Verify Through Aadhaar: This is the most common method of e-verifying your ITR.

Income Tax Return Filing: ITR e-verify is the process of electronically verifying your income tax return (ITR). It is a mandatory step that must be completed within 30 days of filing your ITR. If you do not e-verify your ITR, it will be considered invalid. If you verify the ITR post this timeline, the new date will be considered as the filing day and will attract penalties, as applicable. If you have filed your return on July 31 and If you fail to verify by date Aug 30, 2023, the date of verification will be considered as date of filing and consequences applicable are as per Income-Tax Act 1961.

Read More: Centre Increases Windfall Tax On Domestic Crude Oil

Remember, once you have completed the e-verification process, your ITR will be considered as e-verified. This step is crucial and so considered as the final step in your ITR filing process. In the absence of a validated return, you will be liable for penalty and prosecution applicable to non-filers.

The due date for filing ITRs for the financial year 2022-23 was July 31, 2023. However, there are certain categories of taxpayers who are allowed to file their ITRs later, for example those who opt for ITR – 6.

Read More: GST Collection Crosses Rs 1.6 lakh Cr Mark For 5th Time, July Records 11% YoY Growth

There are several ways to e-verify your ITR, including:

Aadhaar OTP: This is the most common method of e-verifying your ITR. You will need to enter your Aadhaar number and the OTP that is sent to your registered mobile number.

EVC through bank account: If your bank account is linked to your PAN, you can e-verify your ITR using an EVC (Electronic Verification Code) that is generated by your bank.

EVC through demat account: If you have a demat account, you can e-verify your ITR using an EVC that is generated by your demat account provider.

Net banking: You can also e-verify your ITR using net banking. Simply login to your net banking account and follow the instructions to e-verify your ITR.

Digital Signature Certificate (DSC): If you have a DSC, you can use it to e-verify your ITR.

To e-verify your ITR, you will need to go to the e-filing website of the Income Tax Department and log in to your account.

Once you are logged in, you will need to select the “e-Verify Return” option. You will then need to enter the details of your ITR and select the method of e-verification that you want to use.

Read More: ITR Filing Last Date: I-T Department Considering Extension Of Income Tax Filing Deadline? Belated Return Option Available Till This Date

​How to e-verify the Income tax return through Aadhaar OTP?

  • Login to e-Filing website at https://www.incometax.gov.in/iec/foportal/ with your login credentials and follow the procedure mentioned below;
  • Go to e-file > Income tax return > e-Verify Return >
  • Click on ‘e-Verify’ link select option ‘I would like to generate Aadhaar OTP to e-Verify my return’ >
  • Enter the 6 digit alphanumeric OTP received on the mobile number communicated by Aadhaar to e-Verify your return.

Before opting for this option, confirm that your Aadhaar Number is linked with your PAN.

Source :
News18
RELATED ITEMS:, , , 

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the ...
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the I...
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5...
Read more