Six Option to Verify ITR: Taxpayers filing ITR have been given different timelines for e-verification.
New Delhi: The Finance Ministry has fixed the deadline for e-verification of ITR for taxpayers filing income tax returns for the financial year 2022-23. In such a situation, if you have filed ITR, then it is mandatory for you to verify it within the stipulated time. ITR can be verified in total 6 ways including Net Banking, ATM, Demat Account.
The last date to file ITR for the financial year 2022-23 was 31 July 2022. Till this deadline, more than 5 crore taxpayers of the country have filed ITR. Whereas, there are a large number of taxpayers who have filed ITR late by submitting fine after July 31. For both the situations, the Income Tax Department has fixed different deadlines for ITR e-verification.
According to the Central Board of Direct Taxes (CBDT), taxpayers who have filed income tax return before 31 July. They have been given 120 days for ITR verification. That is, he can e-verify ITR till November. Whereas, taxpayers who have filed ITR by submitting late fine after July 31 have been given only 30 days for verification.
ITR Verification Deadline
In August 2022, taxpayers who have filed income tax return will have to verify ITR within 30 days i.e. in September. If you filed ITR on 10th August, then you can verify ITR till 10th September. Similarly, those who file on other dates will verify according to the date.
What will happen if e-verification is not done
The Central Board of Direct Taxes (CBDT) had announced the deadline for ITR e-verification while issuing a notification on July 29. It has been clarified in the notification that if the e-verification is not done within the stipulated time period, the ITR will be considered invalid. That is, filing your ITR will be in vain.
ITR can be e-verified in 6 ways
- E-verify the OTP received on the mobile number through the official website of Income Tax.
- Verification will be done through bank account generated EVC.
- ITR will be verified through EVC with the help of Demat account.
- E-verification will be done through EVC from ATM.
- ITR can also be verified with the help of netbanking.
- E-verification of ITR can also be done through Digital Signature Certificate.
