Income Tax Returns Filing: Filed ITR? Know these steps about how to e-VERIFY your returns via Aadhaar, OTP, Net Banking, Bank ATM, Demat Account Number
An income tax refund happens to a taxpayer if he has paid taxes higher than his actual tax liability.
You have filed your Income Tax return. Now, when can you expect a refund from the Income Tax Department? An income tax refund happens to a taxpayer if he has paid taxes higher than his actual tax liability. When a taxpayer claims a refund in his return of income, the tax department processes such a return. After this, the taxpayer will get a confirmation from CPC the amount of refund that the taxpayer is eligible for. The Electronic Verification Code (EVC) plays a crucial role in submitting tax returns through e-verification. The e-verification should be done within a time limit of 120 days, else the Income Tax return will be considered invalid. Here are five various steps to e-verifying your return through EVC. Let’s have a look
1) Via Aadhaar OTP
* Go to the e-filing portal
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* Link Aadhaar Number with PAN, if not linked yet
* After Aadhaar is successfully linked, click on the screen
* Select option to e-Verify return using Aadhaar OTP
* Generate OTP that you will get on your registered mobile number
* Enter your OTP on the e-filing portal
* Now the process is verified.
2) Via Net Banking
* Login to your net banking account
* Click on the income tax e-filing link given by the bank
* Click on the e-verify link for the return to be verified
* Now the return will be verified
3) Via Bank ATM
* Swipe your ATM card in the bank ATM
* Click on PIN for e-Filing
* EVC will be generated on the registered mobile number
* Login to the e-filing portal to select an option to e-verify returns using the Bank ATM
* Enter your EVC on the e-filing portal
* Now the return will be verified
4) Via Bank Account Number
* Go to the e-filing portal
* Pre-validate your bank account, if not done yet
* After the bank account validated successfully, click on the e-verify link
* Select the option to e-verify using bank account details by generating OTP
* After the EVC is received on the registered mobile number, enter your EVC on the e-filing portal
* Now the return is verified
5) Via Demat Account Number
* Visit the e-filing portal
* Pre validate your Demat Account Number, if not done before
* After the Demat account validated, click on the e-verify link
* Select the option to e-verify using Demat account details and generate OTP
* EVC will be received on a registered mobile number
* Enter your EVC on the e-filing portal, it will be verified
Apart from these methods, you can also check through the physical method, which is to send a copy of ITR-V via post.
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