Hurry up! Deadline to file ITR nears; 5 different ways to e-verify Income Tax Returns

The Income Tax Department has rolled out an advertisement guiding taxpayers on how to file Income Tax Returns (ITR). Everyone pays income tax on their various sources  of income and government also allows refunds on excess taxes paid. All of this is possible only if ITR is properly filed. The Income Tax Department on it’s website has mentioned that all ITR forms are now available for e-filing. Last month, attempt was made to rationalise some fields without making any change in the manner of filing Income Tax Returns (ITR) as compared to last year.  

Through this new advertisement, IT department says. “File your Income Tax Return on or before July 31, 2018, due date for persons whose are not liable to audit.”

The new advertisement also highlighted five different ways to e-verify ITR. Firstly, one needs to remember that for filing ITR, they should log on to official website www.incometaxindiaefiling.gov.in.

Here are five different ways to e-verify. 

Net Banking

• Log on to net banking account
• Click on the e-filing link
• Once re-directed to e-filing portal, submit your returns/upload the XML
• ITR is verified. 

Bank Account 

• Log in to e-filing portal
• Select ‘Profile Setting’ and pre-validate your bank account (available only for selected banks)
• Choose verification mode as ‘EVC’ using pre-validated bank account 
• Submit your returns/upload the XML
• EVC received on registered mobile number 
• Enter your EVC on e-filing portal 
• ITR verified 

Demat Account

• Log in to e-filing portal
• Select ‘Profile Setting’ and pre-validate your demat account
• Choose verification mode as ‘EVC’ using pre-validated demat account
• Submit your returns/upload the XML
• EVC received on registered mobile number 
• Enter your EVC on e-filing portal 
• ITR verified 

Bank ATM

• Swipe your ATM card in your own bank ATM
• Click on ‘PIN’ for e-filing 
• EVC received on registered mobile number 
• Log in to e-filing portal
• Choose verification mode as ‘Already generated EVC through bank ATM’
• Submit your returns/upload the SML
• Enter EVC 
• ITR is verified 

Aadhaar OTP

• Login to e-filing portal
• Submit your return by selecting verification mode as ‘Aadhaar OTP’
• OTP is received on registered mobile number linked with Aadhaar 
• Enter the OTP received when asked for 
• ITR is verified 

Who cannot file

IndIviduals having income from sources like more than one House Property, Lottery, Racehorses, Legal Gambling etc., taxable capital gains (Short term and Long term), agricultural income exceeding Rs 5,000, Business and Profession.

Also, if an Individual who is a resident and has assets (including financial interest in any entity) outside India or signing authority in any account located outside India cannot file ITR through it.

Even individual claiming relief of foreign tax paid or double taxation relief under section 90/90A/91.