Verify ITR through bank account: Income tax return without verification is considered incomplete and the return gets canceled. Therefore it is necessary to verify it. After filing ITR through online mode, it is very important to do ITR E-Verification. Today we will tell the complete steps that How to Verify IT Return through a bank account?
Verify ITR through bank account:
If the taxpayer files the ITR on time but forgets to verify that ITR, then the ITR filing process will not be considered complete. You may also get a notice for this. The ITR deadline for the assessment year 2022-23 has ended on July 31.
Income Tax Department has given many ways to do ITR E-Verification, in which the method of ITR Verification through a bank account is very easy. So let’s know the complete steps of ITR verification through a bank account.
E-verify Income tax returns through a bank account
If you want to e-verify ITR after filing it, you can use a bank account. ITR verification Via bank account is the easiest and safest way of E-Verification. You can E-verify your income tax return by following the steps given below.
Step 1: Your bank account number should be prevalidated to e-verify the return through a bank account.
Step 2: To validate the bank account number, the bank account number has to be linked with the PAN.
Step 3: After validating the bank account, Visit the income tax e-filing website at www.incometax.gov.in.
Step 4: Now click on the link ‘e-Verification’ on the Income Tax website.
Step 5: Now select the option ‘Return Verify’ from the e-Verify section located on the left side of the e-filing portal.
Step 6: Select the option ‘Generate Electronic Verification Code (EVC)’ And click on the ‘Continue’ button for the next step.
Step 7: Now a form will open in front of you. Click on the submit option to generate OTP by filling in your bank account details.
Step 8: An EVC will be sent to your registered mobile number which should be filled in the given ‘Enter EVC’ box.
Step 9: Fill in the EVC and click on the submit button. Now your IT Return will be verified through a bank account.
Step 10: SNow, the Success message “Return successfully e-verified” will be displayed on the screen. Get and keep it for future use.
CBDT has reduced the time limit of ITR verification:
IT department has reduced the time limit for e-verification from 120 days to 30 days after filing ITR. According to the new notification of CBDT, now the date of filing the return electronically will be deemed to be the same if Form ITR-V is submitted within 30 days from the date of transmission of data electronically.