Taxpayers who have filed ITR on 31st July and have not done e-verification, should complete this work by 31st August.
ITR Verification : The month of August is about to end. Along with this, the deadline for completing some tasks will also end. Taxpayers who file income tax return on 31st July have a chance to do ITR verification till 31st August. If you do not do this, you may have to pay a fine.
It is mandatory to do e-verification
It is mandatory to do e-verification within 30 days of filing ITR. Without verification the whole process is considered illegal. Due to which taxpayers have to fill the income tax return form again.
How much fine will have to be paid?
The last date for filing income tax returns has ended. If any taxpayer files ITR now, he will have to pay a penalty. Those whose income is more than Rs 5 lakh will have to pay a penalty of Rs 5,000. Whereas people with income less than Rs 5 lakh will have to pay a fine of Rs 1000.
Different methods of ITR verification
For information, let us tell you that there are many methods of ITR verification. Which includes Net Banking, Aadhaar OTP and Digital Signature. If you are doing ITR verification through OTP method, then keep in mind that your Aadhaar card is linked with PAN card and mobile.
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
