Income Tax Return e-filing: How to e-verify IT return online; Step by step guide

Income Tax Return e-filing: Last date for income tax return filing is just a few days away and it's advisable for the income tax payers to e-file their I-T return. If one e-files I-T return and commits any mistake, he or she can correct the mistakes online as well by logging in at incometaxindiaefiling.gov.in. According to the tax and investment experts, if you fail to file your I-T return by August 31st, then the Income Tax Department would slap Rs 10,000 penalty on you. So, it's better to e-file your ITR and keep your record at income tax office sound and foolproof. However, after re-verifying the ITR, one needs to send the Form V of the ITR to the Income Tax Department office in Bengaluru. 

Speaking on the benefit of e-filing the I-T return CS Sudheer, CEO and founder at IndianMoney.com said, "If you find an omission or a wrong statement in the original ITR, make a correction by filing a revised income tax return in the e-filing portal. You can file the revised return any time before the end of the relevant assessment year or before the completion of the assessment, whichever comes earlier."

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Asked about how to e-file IT return and e-verify it CS Sudheer listed out the following steps:

1] Visit the Income Tax e-filing portal, www.incometaxindiaefiling.gov.in; 

2] You then login to the e-filing portal by entering the PAN (User ID), Password, Captcha and then click ‘Login’;

3] Click on e-file menu and then click the ‘Income Tax Return’ link; 

4] On income tax return page, the PAN gets auto-populated; 

5] Select ITR Form Number and Assessment Year; 

6] You then select ‘Filing Type’ as Revised Return; 

7] You then select ‘Submission Mode’ as ‘Prepare and Submit Online’;

8] You find the Online ITR Form under the ‘General Information’ Tab. You must choose ‘Return Filing Section’ as ‘Revised Return under Section 139(5)’ and ‘Return filing type’ as ‘Revised’; 

9] You then enter the acknowledgment Number and Date of filing of the original return. (It is compulsory to enter the 15 digit acknowledgment number when filing revised ITR); 

10] You fill or correct relevant details of the online ITR form and then submit the ITR; and 

11] Finally, e-verify the ITR returns for faster processing and refunds or send ITR-V through normal/speed post to Centralized Processing Center, Income Tax Department, Bengaluru – 560500.

So, after e-filing the income tax return don't forget to send the hard copy of ITR Form V to the Income Tax Department office in Bengaluru.