- Advertisement -
Home Personal Finance Income Tax Verification Rules: Important News! What is Electronic Verification Code? How...

Income Tax Verification Rules: Important News! What is Electronic Verification Code? How to e-verify ITR, know the complete process

0
Tax exemption: Taxpayers can get big relief! Tax exemption can be increased from Rs 7 lakh to Rs 7.5 lakh, know update

Electronic records submitted from the registered account of the taxpayer on the Income Tax Portal are deemed to be authenticated by the taxpayer through Electronic Verification Code (EVC).



New Delhi. The Finance Ministry has now made the authentication rules of e-records submitted under the Faceless Assessment Scheme launched by the Income Tax Department even more easy. Now the electronic records deposited from the registered account of the taxpayers on the Income Tax Portal will be deemed to be authenticated by the taxpayer through Electronic Verification Code (EVC).

What is Electronic Verification Code (EVC) Let us

tell you that in 2015, the department introduced the Electronic Verification Code (EVC), which is a 10-digit alphanumeric code that you generate after submitting your return. The Income Tax Return (ITR) filing process is completed only after successful e-verification of your Income Tax Return.

Ways to Verify Income Tax Return

You can get your ITR verified online as well as offline. Once your ITR is uploaded on the e-filing website, the IT department gives you 120 days to get your ITR verified. If it is not completed within that number of days, then your tax filing will become invalid as per the IT laws.


How to Verify ITR

  • Click on the ‘e-Verify Return’ quick link on the e-filing portal to start the e-verification process.
  • After this fill the necessary information like PAN, assessment year etc.
  • Now click on ‘e-Verify’.
  • After this you will get your E-Verification Code (EVC) generated.

You can use these 4 options

  1. Bank Account
  2. Net-Banking
  3. Aadhar Card
  4. Demat Account

Taxpayer can do e-verification using these 4 options. You can check the rest of the details by visiting https://www.incometax.gov.in website.


- Advertisement -DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com

Exit mobile version