How can I E-verify my Income Tax Return ?
After having successfully filed your income tax return, the next step is to verify it. The Income Tax Department starts processing your return, once it is verified. Refunds, if any, are processed for returns that have been submitted and verified.
TAXAJ recommends e-verifying your tax returns by using your Internet Banking Option. It is the easiest and the fastest way to verify your tax return.
Step-by-step guide to E-verification:
Step 2: Select the ‘View Returns/Forms’ option to see e-filed tax returns.
Step 3: Select the option ‘Click here to view your returns pending for e-verification’
Step 4. Select the option ‘e-verify’.
Step 5: When you click on e-verify, there is a list of modes through which you can generate an EVC.
Step 6: Upon successfully generating the EVC through the desired mode, enter the EVC and submit.
Step 7: A confirmation message will be displayed with a transaction ID and EVC code. Click on the green button to download the attachment. This is for your record only. No further action is required.
FAQs on Income Tax
FAQs 1. How much penalties for not filing ITR? The Penalties for not filing ITR are given in the table below: - E-filing date Income below Rs 5,00,000 Income above Rs 5,00,000 Up to 31st July 2020 0 0 Between 31st July to 31st December 2020 Rs ...
Introduction and Basic Concept of Income Tax
What is Income Tax ? An Income tax return (ITR) is a form used to file information about your income and tax to the Income Tax Department. The tax liability of a taxpayer is calculated based on his or her income. In case the return shows that excess ...
How to register on income tax portal?
You can follow below mentioned steps to register on Income Tax India e-Filing Government Website- • Prerequisite for Individual Users Before taxpayers start registration, ensure the following details should be hand-in-hand. ...
How do I check my Income Tax Return Status?
You can easily check your ITR status online by the following 2 ways- 1. Using acknowledgement number without login credentials On the homepage of the e-filing website, on the extreme left under the services tab, you'll find the option to check ...
Why you should file Income Tax Return?
The benefits of filing ITR returns are as follows:- • It is a proof of the financial status of an applicant. • It helps in applying for loans. • It helps in carrying forward capital losses. • ITR receipt is a useful document and used for visa ...