What is Electronic Verification Code?
The Electronic Verification Code (EVC) is a ten-digit unique identification alphanumeric code that is issued to your officially listed phone number when you confirm your income tax return online.
It is forwarded to the taxpayer’s listed email address in addition to being sent to the registered number.
A Verifier can utilise the EVC to confirm his ITR 1 / ITR 2 / ITR 2A / ITR 3 / ITR 4 /ITR 4S.
When submitting the ITR, the EVC will be different and unique to an Assessee PAN and, therefore, will not be equally valid for some other PAN. If there is a correction or rectification, a new EVC is necessarily required.
The EVC is actually valid for 72 hours, but it can still be automatically generated several more times.
What are all the Different Available Options for Obtaining Electronic Verification Codes for E-verifying ITR?
EVC may be obtained in multiple ways.
Prior to actually moving ahead to generate EVC, it is recommended to please confirm that you have direct access to the cell phone number and email address currently registered with the CBDT (Tax Department).
Method 1: What is the Protocol for Acquiring EVC Using a Bank ATM?
Before implementing this approach, focus on ensuring that your ATM card is directly linked to a PAN-verified bank account but also that the IT department recognizes your bank.
Follow the guidelines below to receive EVC through ATM:
- To immediately begin, the taxpayer will have to proceed to their bank’s ATM.
- They should subsequently swipe their ATM card.
- They should choose the ‘Pin for Income Tax Filing’ alternative from the several options displayed on the screen. As a direct result, an EVC would be sent to their officially registered mobile phone number.
- The taxpayer must subsequently choose the e-verify return alternative from the My Account page, click the link on the e-verify against the return to be authenticated, and then pick the option ‘I already have an EVC to E-verify my return’.
- Then they will have to Enter their EVC to confirm the return officially.
State Bank of India (SBI) is the pioneer institution to offer ‘EVC through ATM’ service, essentially enabling clients who do not have a net-banking profile to e-verify their income tax return.
Practically all known and documented banks presently have started providing the service.
Method 2: What is the Procedure for Acquiring EVC via Net Banking?
After the taxpayer logs on to the e-filing portal via Net banking, the EVC is actually obtained. The IT Department has recognized certain established banks to support direct access to the e-website via Internet Banking.
These central banks offer this customer support to all account users who have a PAN that has already been authenticated (in accordance with the KYC norms).
As of now, 35 banking institutions offer additional e-filing login to their users. A taxpayer can only fully utilize this particular feature if they maintain a net-banking account with that bank.
The following are the steps that must be performed in order to acquire the EVC:
- To actually begin, the taxpayer must log in to the e-filing account via their Net Banking account.
- Lastly, under the ‘Tax’ section, they must choose the ‘income tax e-filing’ option available.
- They will now be redirected to the income tax department’s e-filing website. They must go to the ‘My Account’ tab and choose the ‘Generate EVC’ option.
- Suppose the user has not submitted the return initially but nonetheless wants to generate the EVC, ten. In that case, they must go to ‘My Account, then on to the Generate EVC tab, and finally to the first option, ‘Generate EVC through Net Banking,’ and then click the button on Continue.
Consequently, an EVC will be successfully delivered to their recorded cellphone number and email address.
Method 3: What is the Procedure for Generating EVC via the Income Tax Return Filing Website?
This is probably the most uncomplicated alternative available since you would only have to click only a few buttons to finally receive EVC on your mobile phone and officially registered email address.
The rules and guidelines are as follows:
- The user should first log in to their account on the income tax e-filing official website.
- They must subsequently click on the e-file tab and simply pick the Generate EVC button.
- EVC has been sent to their registered mobile phone number and email address. They will again be expected to enter the code into the field on the page to finish the e-filing procedure finally.
Method 4: What are the Steps to be Followed for Generating EVC Using Bank Account Details?
This approach responsible for generating EVC can only be essentially implemented if the PAN and Name exactly match the credentials mentioned in the account information. As a result, it is highly recommended that you explicitly pre-validate your bank account on the income tax e-filing website by using profile settings.
After pre-validating, the taxpayer must execute the following steps:
- To finally begin, the taxpayer must access the income tax e-filing website. Then they must log in to their account. Assuming they do not previously have an account, they first should register.
- After signing in, the user will have to choose View Returns/Forms.
- Therefore, they will be redirected to a screen where they must tap the “Click here to see your returns pending for e-verification” link to access the pending returns.
- They now must choose the e-verify option, followed by a second alternative – “I do not have an EVC and would like to generate one in order to e-verify my return.”
- They will then be presented with three alternatives, one of which is to obtain EVC using their bank account number (option number 2).
- They will next be required to pick the ‘Generate EVC using bank account number’ option available. They should get an OTP on the cellphone contact you have officially registered with the bank. After correctly generating the EVC, input the EVC and submit.
Method 5: What is the Procedure for Generating EVC using Demat Account Details?
This is roughly analogous to obtaining EVCs through a bank account. The taxpayer should first validate the Demat Account by hitting the “Profile Settings” tab available on the Income Tax e-filing official page.
Once the depository has been authenticated, an EVC is created and sent to the mobile number directly associated with the Demat account.
Following the validation of the Demat account, the following protocols must be taken:
- To commence, the taxpayer must log into their income tax e-filing account, at which point click on the “Generate EVC” link located under the “My Account” drop-down option available.
- They will then be led directly over to the next page following clicking on the link the “Generate EVC”, in which they must click the “Generate EVC using Demat Account Number” alternative option.
- The taxpayer must officially confirm if they are currently receiving EVC on their registered mobile number on the following screen. They can then reenter this EVC on the e-verify returns page to finish the ITR e-filing and e-verification procedures.
How to Use Your Aadhar Card Credentials to e-verify Your Income Tax Return?
In order to e-verify your ITR using your Aadhar card, one must initially link their Aadhar card to the Income Tax Department. The government has implemented a new legal procedure for linking your Aadhaar Card to your Income Tax Return.
In this new method, you can go to the Income Tax Department’s official website, where a popup message appears on the screen that states, “connect Aadhar card to your e-filing.”
To effectively and efficiently link your Aadhar card, you will have to provide your PAN Card particulars.
When you have already successfully linked your Aadhaar number to your Income Tax profile, you can generate an Aadhaar OTP for the e-verification of your Income Tax Return by following a few steps:
- After pretty successfully linking them, proceed to the Income Tax e-filing website and then choose the option available “I would want to generate Aadhar OTP to e-verify my return.”
- The one-time password (OTP) will be finally delivered to the cellphone number directly corresponding with their Aadhaar Card.
- Furthermore, users must directly input the OTP that they acquired on their registered mobile phone number on the website.
- If users enter the appropriate OTP within the set time limit, they would have seen the message directly “Return successfully e-Verified Download the Acknowledgement.” on the monitor.
- This confirmation notification will also be emailed to your registered email address. One may also download the acknowledgement to your computer by clicking the ‘Download’ option for reference purposes.
- By implementing, this approach your ITR is officially authenticated, and you are no longer necessary to provide another copy of the ITR-V to the CPC in Bengaluru.
How to Use Your Generated EVC to e-verify Your Income Tax Return?
To e-verify the ITR using the originally generated EVC, complete the following necessary actions:
- To commence, the taxpayer must log in to the official public Income Tax web portal using their User ID and Password.
- The applicant must then select the tab “View Returns/Forms” available in the dashboard.
- They now would have to click on a link “Click here to view your returns pending for e-verification.” Whenever the taxpayer clicks on the link, they will also be initially presented with the “e-verify” option, which in turn will open a number of alternative options for generating EVC.
- The taxpayer must click on the option best suited to their ease and convenience from the currently available selections and then input the EVC code to submit.
Following successful submission, a confirmation email with the transaction ID and EVC code will be displayed. It is strongly recommended that you download and save it for future reference.
What is the ITR-V or the Acknowledgement Form?
ITR-V indicates Income Tax Return Verification, and the IT department generates it for taxpayers to authenticate the authenticity of their e-filing.
It only usually applies to those who file instead of using a digital signature. It is now more straightforward to understand than ever to obtain the necessary ITR-V from the convenience of your own home or workplace environment.
This ITR-V is commonly associated with an official confirmation of a person’s income. Following the satisfactory completion of the verification, the Form must always be printed, recently signed, and sent to CPC Bangalore to finally complete the returns procedure.
As a likely result, it is crucial documentation.
By manually inputting his PAN, e-filing income tax acknowledgement number, and evaluation year, a person can easily verify the status of their ITR-V receipt issued via electronic means with the Income Tax Department.
The client may even see whether the ITR-V has been obtained by the Central Processing Centre (CPC) and if a digital signature was required while processing.
Willful ignorance can contribute to a range of complications, including that the loss of tax refunds or the payment of additional taxes. As a direct result, it is always important to assure the status of income tax returns verification in hopes of avoiding these conflicts.
What is the Entire Procedure for Obtaining the ITR-V?
- To finally begin, one must go over to the Income Tax India website and log in.
- They now must just choose the ‘See Returns/Forms’ alternative to check e-filed tax returns.
- The applicant must then press the button on the ‘acknowledgement number’ to download their ITR-V.
- To commence the download, one just needs to just choose ‘ITR-V/Acknowledgement.’
- To actually open the document after it has been fairly successfully downloaded, the user must enter the passcode. The password consists mainly of the PAN number in lower case letters, as well as the date of birth.
- PAN: XYZTY1234M;
- Date Of Birth: 16/10/1978;
- PASSWORD: xyzty1234m16101978
- PAN: BACKC6754F
- Date of Birth: 01/01/2001
- PASSWORD: backc6754f01012001
After you have accessed the document, this form must also be printed on paper, signed, and returned to CPC Bangalore within about 120 working days from the date of e-filing.
Where Should I Mail And Submit the ITR-V?
You may view the details of your return offline. Under the particular circumstance, mail a signed copy of your ITR-V to the Centralized Processing Centre, Income Tax Department, CPC, Post Box No.1, Electronic City Post Office, Bangalore-560500, Karnataka.
What Considerations Should Be Made When Filling Form ITR-V?
- To print the ITR-V Form, either use an inkjet or laser printer and nothing else.
- It is only black ink that should be used to print the Form, and it should be easily readable. Hence, use block letters.
- Don’t attempt to write anything on the backside of the paper.
- On the ITR-V Acknowledgement, one should not use a stapler.
- To print the Form, always use A4-sized white paper. Also, further, do not use thin or perforated sheets.
What is the Course of Action After the E-Verification of ITR?
- The very first thing that everyone should do pretty much immediately just after e-filing would either be e-verify their ITR or mail ITR-V to CPC Bangalore.
- One should always take care of the standard method by which the Form is shipped. This should only be sent by regular mail or Speed Post. It cannot be shipped through courier or just about any methods.
- Suppose you have deliberately chosen to authenticate the ITR by mailing a signed copy of ITR-V. In that case, you must continually assess the receiving status of ITR-V at CPC because you will actually receive an emergency alert if ITR-V is not received back, mainly due to postal loss. When Central Processing Unit Bangalore collects your ITR-V Form, it automatically sends you an email acknowledging receipt of ITR-V, which would eventually arrive within one month after delivering ITR-V to CPC Bangalore.
- Even if you’ve already successfully completed submitting your income tax return, it is important to maintain an official record of all additional paperwork in a secure place since standard processes under the Income Tax Act can be relaunched within six years, consequently, maintain all income tax-related papers in a stable and secure condition for at least seven years. The accompanying documents should always be retained for reference purposes:
- Form 16 and even Form 12B
- ITR, which was filed together with an ITR-V and the proof of the challan for Tax paid.
- Form 16A and the Tax Deducted at Source (TDS) documents.
- Statements of bank accounts and any relevant tax exemption certificate
- Notification from the IT department (soft copy of the email and printout, etc.)