ITR verification: If you do not e-verify your income tax return (ITR), the filing process is treated as incomplete and your ITR becomes invalid. The income tax department has urged taxpayers to not delay and complete the e-filing process today. The failure to comply may lead to penalties, added tax department.
Why is e-verification necessary
E-verification of ITRs is mandatory for it to be treated as valid. Effective August 2023, the income tax department has made it mandatory for tax filers to e-verify their returns within 30 days of filing returns.
Steps to e-verify your ITR
- Go to the income tax department's e-filing portal. Click on 'e-Verify Return'.
- You need to enter your PAN, assessment year for which the verification is being done (2023-24), and acknowledgment number.
- Alternatively, you can also log in with your PAN and password, then go to "My Account" and then click "e-Verify Return".
- The new page will then display the file for which verification is pending.
The process of verifying through Aadhar OTP is fairly straightforward. One can use the OTP delivered to the mobile number registered and mapped with Aadhar to confirm and e-verify the returns.
Another simple way to e-verify is by logging into the net banking portal and navigating through the e-verify ITR segment.
Source: https://shorturl.at/pDU19
