If you have filed ITR and have not verified it till now, then this work should be completed as soon as possible. Those who file ITR on time may also have to pay a fine of Rs 5000 if verification is not done. And without this you do not even get a refund.
New Delhi. The last date to file income tax return for the financial year 2022-23 has also passed on July 31. It is known to everyone that those who do not file ITR by this deadline will now have to file ITR with penalty. But do you know that after filing ITR, if you do not verify it, then despite filing it on time, you may have to pay a fine of Rs 5000.
If you have not yet verified your ITR after filing it, then you should verify it as soon as possible. Verification of ITR is as important as filing it. Let us know how you can do ITR verification.
If not verified on time, penalty will be imposed.
Most of the taxpayers get the ITR verified along with filing it. But sometimes some people postpone it for later due to some reason. In such a situation, it is possible that the time for verifying the ITR may run out and you may have to pay the penalty later. Let us tell you that after filing ITR, you get 30 days for its verification. If you do not file ITR during this period, you may have to pay a fine of Rs 5000.
You will not get refund without verification.
If some refund is being made in your ITR, then without verification you will not get that also. Therefore, along with filing ITR, its verification is also very important. Firstly, after filing ITR, taxpayers get a long time of 120 days for its verification. But now it has been reduced to a minimum. Now taxpayers get only 30 days to verify ITR.
How to do ITR verification?
The method of verifying income tax return is very easy. For this, you get many options like Aadhaar card, bank account, demat account, net banking, through which you can easily do ITR verification in a few minutes. To complete this process, you must have your registered mobile number. An OTP is sent to you on this number, the verification is completed as soon as it is submitted.
