Wondering how the latest Budget changes affect your tax liability?
Don’t wait till the last minute! Start planning your tax savings today
How to E-verify Income Tax Return for FY 2023-24 (AY 2024-25): Online ITR Verification
How to E-verify Income Tax Return
Have you filed your Income Tax Return (ITR)? Hold on, your return won’t be considered valid until it is e-verified.
Online ITR verification is an essential part of completing the ITR filing process. It must be done within 30 days from the date of filing the ITR; otherwise, the Income Tax Department will deem your return invalid.
In this guide, we explain what ITR verification is, the methods to do it, and the step-by-step process to e-verify your ITR.
What is ITR Verification?
When you file an ITR, the Income Tax Department receives your tax return but doesn’t start processing it right away. The processing begins only after the return has been verified. This step is called ITR verification.
Under the new rules, the time limit for online ITR verification is 30 days from filing the ITR. Previously, this time limit was 120 days. This rule applies to returns filed on or after 1st August 2022. For returns filed up to 31st July 2022, the 120-day time limit still applies.
The Income Tax Department has introduced an easy and quick way to verify ITRs—e-verification. This is the most convenient and instant method to verify your ITR.
Ways to E-verify Your Tax Return
E-Verify ITR through Tax India
E-Verify ITR without logging into the e-filing portal
E-Verify ITR after logging into the e-filing portal
Generate Aadhaar OTP
Digital Signature Certificate (DSC)
Existing Electronic Verification Code (EVC)
Generate EVC through Net Banking
Generate EVC through Bank Account
E-Verify Using Bank ATM
E-Verify Using Demat Account Number
Verify Income Tax Return Offline
E-Verify ITR through Tax India
Once you have completed your ITR filing through Tax India, a pop-up will appear on your screen reminding you to e-verify your return within 30 days. Simply click on ‘Proceed for e-verification’ to verify your ITR. After successful e-verification, you will receive your ITR-V via email from the Income Tax Department.
You can select the mode of e-verification, such as using Aadhaar, Demat, or Bank Account, and you will receive a confirmation of successful e-verification.
If you choose to e-verify your ITR later, you can do so through your dashboard.
How to E-verify the ITR Without Logging into the E-filing Portal
Visit the e-filing site https://www.incometax.gov.in/iec/foportal/.
Click on E-Verify Return on the homepage.
On the e-Verify Return page, enter the following:
PAN
Select the relevant Assessment Year
Acknowledgment Number of the ITR
Mobile Number
Click Continue, then enter the 6-digit OTP sent to your mobile number and click Submit.
Note: The OTP is valid for only 15 minutes. You have three attempts to enter the correct OTP.
How to E-verify ITR After Logging into the Income Tax Portal
The Income Tax Department provides several ways for taxpayers to verify their returns, including both online and offline methods.
Online Methods:
Process 1: E-Verify Using Aadhaar OTP
Log into the e-filing portal and select e-Verify Return.
Choose the option to e-verify using OTP sent to your mobile number linked with Aadhaar.
Submit the OTP received on your registered mobile.
Process 2: E-Verify Using Digital Signature Certificate (DSC)
After filing your ITR, select e-Verify using DSC.
Download the emsigner utility and follow the prompts to verify using your DSC.
After successful verification, you’ll receive a transaction ID.
Process 3: E-Verify Using Electronic Verification Code (EVC)
There are several ways to generate an EVC:
Net Banking: Log into your Net Banking account and generate the EVC.
Bank ATM: Swipe your ATM card at an ATM and follow the instructions to generate the EVC.
Bank Account: Pre-validate your bank account details and generate the OTP.
Demat Account: Pre-validate your Demat account details and generate the OTP.
Offline Process:
After filing your ITR, you will have the option to complete your verification via ITR-V.
Log into the e-filing portal, go to e-File > Income Tax Returns > View Filed Return, and download your ITR-V.
Print the ITR-V, sign it, and send it to the CPC office in Bangalore (CPC, Income Tax Department, Bangalore – 560500, Karnataka, India) to complete the offline verification.
Trending Guides
- Aadhaar Card: A Complete Guide
- Capital Gains Tax in India
- What is Income Tax Return (ITR)? How to File ITR Online for FY 2024-25
- Income From House Property & Its Taxation
- Income Tax Notice: Check & Authenticate ITR Notices Online
- Income Tax Refund Status - Check ITR Refund Status For FY 2023-24
- Income Tax Slabs for FY 2024-25
- How to E-verify Income Tax Return for FY 2023-24
- PAN Card: What is PAN and How to apply Pan card online
- Tips to save Income Tax on Salary
- Income Tax Deductions (80C to 80U) for FY 2024-25
- Tax Deducted at Source (TDS)
Frequently Asked Questions
Income that arises from selling a capital asset is known as capital gains. A capital asset includes any type of property that an assessee holds for any purpose. The capital assets are taxable in the hands of the receiver in the year of transfer of the capital asset. Such tax is known as capital gains tax. Capital gains tax is of two types - short-term capital gains and long-term capital gains.
The sale value of the asset is reduced by the cost of acquisition, and the profit from the sale is charged to tax as capital gains.
Given below are a few examples of capital assets -
- Land
- Building
- House property
- Patents
- Trademarks
- Vehicles
- Leasehold Property
- Machinery
- Jewellery
Income that arises from selling a capital asset is known as capital gains. A capital asset includes any type of property that an assessee holds for any purpose. The capital assets are taxable in the hands of the receiver in the year of transfer of the capital asset. Such tax is known as capital gains tax. Capital gains tax is of two types - short-term capital gains and long-term capital gains.
The sale value of the asset is reduced by the cost of acquisition, and the profit from the sale is charged to tax as capital gains.
Given below are a few examples of capital assets -
- Land
- Building
- House property
- Patents
- Trademarks
- Vehicles
- Leasehold Property
- Machinery
- Jewellery
Income that arises from selling a capital asset is known as capital gains. A capital asset includes any type of property that an assessee holds for any purpose. The capital assets are taxable in the hands of the receiver in the year of transfer of the capital asset. Such tax is known as capital gains tax. Capital gains tax is of two types - short-term capital gains and long-term capital gains.
The sale value of the asset is reduced by the cost of acquisition, and the profit from the sale is charged to tax as capital gains.
Given below are a few examples of capital assets -
- Land
- Building
- House property
- Patents
- Trademarks
- Vehicles
- Leasehold Property
- Machinery
- Jewellery