After e-filing ITR, ITR-V, Receipt Status, Intimation u/s 143(1): Income Tax Refund refers to the amount refunded when income tax paid by the taxpayer is more than liability for a given year. It is necessary to file an income tax return (ITR) to claim the refund. Many people think that once the tax return has been filed, there is no work until the next tax return filing deadline. However, it’s not true as one has to verify the ITR or has to send ITR-V if returns are filed online without any digital signature. It is vital to get acknowledgment of ITR-V Receipt from Central Processing Centre and then wait for the intimation from Income Tax Department (IDT) as per section 143(1). Readout below to know what to do after e-filing ITR and what is intimation u/s 143(1).
Checklist After Filing ITR Electronically
After filing ITR, one has to verify the return by sending ITR-V by signing it with blue ink to Central Processing Centre, Bangalore. IDT starts the process further only when the return has been verified successfully. The taxpayer can also verify the return electronically instead of sending it physically to the department.
What After e-filing of Income Tax Return E Verification?
The income tax return can be verified electronically after uploading the return. Taxpayers using this facility have not to submit a signed paper copy of the ITR verification form to CPC Bangalore. Income Tax Return E Verification consists of two parts:
- Generation of EVC- E Verification Code or EVC is a 10-digit code used only with the PAN of the taxpayer providing the income tax return. It can be used to verify any ITR such as ITR 1, ITR 2, ITR 3, ITR 4, ITR 2A, and ITR 4S. Whether ITR is an original or revised return, one EVC can be used to validate only one income tax return and is valid for 72 hours.
- E Verification of ITR can be done while uploading income tax returns. It can also be done for an already uploaded ITR which are not e-verified.
How to Generate EVC for Income Tax Return?
- At first, the taxpayer has to link their Aadhaar card to the PAN number and then verify it with OTP sent to the registered mobile number. The PAN card and Aadhaar number can be linked only if the name, gender, and date of birth are identical on both of them.
- Click on the ‘Generate EVC’ tab at the website of income tax return filing. One can use this process only if the total income is less than Rs. 5 lakhs as per ITR, and there is no refund claim.
- Bank ATMs and Net Banking of all major banks can also be used to generate e-verification code.
Send Income Tax Return Verification After E-Filing
Online filing can be done with or without using a digital signature. It is essential for people who file it without using the digital signature to submit the ITR-V form to the officials at Bangalore. The process is as follows:
- When an individual files Income Tax Return online, ITR-V gets generated. It is a one-page pdf file, which contains the date and number of the electronic transmission as evidence of filing.
- After the taxpayer files their return electronically, they will receive ITR-V as an acknowledgment email from the Income Tax Department.
- By login into the income tax return filing website, one can download the ITR-V from the My Return section.
- The password of ITR-V is a PAN number along with the date of birth in DDMMYYYY format.
- In case, if a Tax Return Preparer prepares the return, then its particulars should also get filled and the verification form must get attested by the TRP.
- There is no need to send any other document in support of ITR-V. Enclose the verification page in an A-4 size white envelope and send it to the CPC within 120 days from the filing date.
- In case, if anyone misses submitting their ITR-V within 120 days, then their e-filing will get considered invalid. The taxpayer has to file a revised return and get a new ITR-V and then again submit it within 120 days.
Receipt from Central Processing Centre
CPC Bangalore sends an email acknowledgment upon receipt of ITR Verification. The email can reach within a month of sending ITR-V to the Central Processing Centre. One can check whether ITR-V is received or not through the following procedures:
- Call the CPC call center number, which is available from 9 AM to 8 PM to check the status of e-filing.
- Login on the income tax website and click on the My Account section. Check Views and Forms whether ITR-V acknowledgment is available.
- Check the SPAM folder if the email from CPC is sent but one did not get any acknowledgment.
Income Tax Return Processing Under Section 143(1)
After ITR e-verification, one has to wait for about one month to get intimation under section u/s 143(1) from Income Tax Department (ITD). It tells the taxpayer about any refund, interest or tax payable. One will get these intimations through the email address mentioned in income tax return filings or through the post. The document requires a password to open it. To open it, an individual has to enter their PAN number in small letters and DOB. The taxpayers should understand three possible scenarios to decode the ITR intimation:
- No Refund No Demand: If there is no difference between the details provided by the taxpayer and those verified by ITD, then an intimation letter will serve as a final assessment of the return. It means that the return filed is accurate and the department accepts the information provided. ITD will give a green card in this case and the status of the process turns to ‘No Refund No Demand’.
- Demand Determined: If the tax paid is less compared to the computed amount, then this intimation document becomes Notice of Demand u/s 156. The demand must get paid within a stipulated time as stated in the intimation.
- Refund Determined: If the tax paid by the taxpayer is more than the department computed, then such intimation will have a refund and will get granted to the taxpayer. The refund amount will get credited to the bank account within 20 to 40 days from the date of e-verification. In case, if the acknowledgment has been physically sent to the Central Processing Centre, then it can take a longer time.
How to Get Intimation Document Under Section 143(1) Again?
If the taxpayer did not receive an intimation on the registered email ID, they can follow the below-mentioned steps to get their intimation again:
- Open the official website of Income Tax India and download it- Taxpayers can download the intimation for the latest years by simply login into the e-filing account. After login, select the View Returns and Forms section and then click on the income tax returns option there. Hit on the acknowledgment number for which the taxpayer wants to get the information. After clicking on the intimation, the pdf attachment will get downloaded.
- Request Reissue of intimation under section 143(1)- One has to make an online request for reissue of the intimation to get its copy. Taxpayers should use the user ID, password, and enter the Captcha to log in to the Income Tax Department e-filing website. Click on the Service Request tab under the My Account section. A new screen would appear, ‘Select as New’. Select the Request category and hit on submit tab. Fill in the required fields as PAN, Return Type, Category, Assessment Year, and Sub-Category, and then click on submit. The intimation would be resent to the mentioned email in some days.
Conclusion on After e-filing ITR: ITR-V, Receipt Status, Intimation u/s 143(1)
The taxpayers should file their income tax returns on time for the early processing and avoid late fees. Intimation under section 143(1) is a kind of notice containing information about the refunds granted or the total amount of the tax payable. The return filer should act according to the conclusion of the intimation.