Sunday, 19 July 2015

Go-paperless- E-verify your returns - Use EVC (Electronic Verification Code)

Go-paperless- E-verify your returns - Use EVC (Electronic Verification Code)


On 13th July 2015, Income Tax department propelled its e-filing verification system, which is centered on OTP (One-time –password). This system eliminates the requirement of sending ITR-V to CPC Bangalore.


Click here for Step by Step Guide for filing your Income Tax Returns

1)   Who can use electronic verification system?


According to the rules notified by CBDT (Central Board of Direct taxes), the following are eligible to use e-verification system.
Ø  Having total income < Rs 5 lakhs.
Ø  No claim of tax refund
Ø  Have registered their mobile number and email id, as OTP will be sent on the same.


If your total income is > Rs.5 lakhs or have to claim tax refund, then you will not be able to e-verify your returns through income Tax e-filing website. However, you can opt for e-verification by generating EVC/OTP through internet banking or by linking Aadhar Card.



1)   What are the means to access e-verification system?

EVC required for e-verification, can be generated through following channels.




a) Income Tax e-filing website
Go to Income Tax website click here------->  Login --------->  e-File--------->Generate EVC

The OTP /EVC will be sent to your registered email id and mobile number.
Then click on e-Verify Return and enter the code.





b) Internet Banking
You can generate the OTP through internet banking, provided your PAN is linked to your account.

Login to your internet banking----------->Under e-tax tab, Click on Login to E-filing---->                  Confirm your PAN shown on the screen------->  You will be directed to Income Tax e-filing website--------> Then generate EVC and e-verify your returns as shown above.



c) Aadhar Card
The verification process 






d) ATM
You can use ATM to generate EVC only if your PAN card is updated in your account. All you have to do is Use ATM card à From the screen, select the option, Generate EVC for Income Tax return filing àEVC will be sent on your registered mobile numberà E-verify your returns as shown in channel a) above


What if you have already filed your returns?

If you have already filed your returns and have posted (or not posted) your ITR V, then also you can e-verify your returns by generating OTP/EVC with the help of above means

To conclude, e-Verification saves you from a lot of hassle of having to print and post your e-filed returns. Hence, if you are eligible for e-Verification, you must definitely use this feature as it completely digitizes the entire returns filing process. 



Any queries related to filing of income tax returns can be posted in the comments below.




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