An Income tax return filing is considered as filed only when it is verified on e-filing portal.
Earlier an assessee could e-verify the return within 120 days from the date of filing Income tax return but recently Income tax department has amended the provision to reduce the time limit from 120 days to 30 days.
To read more CLCIK HERE: Time limit for verification of ITR reduced from within 120 days to 30 days of filing of ITR electronically – Taxontips
The traditional method to verify Income Tax return is to sign and send the Income tax return to CPC, Bangalore. However, you can choose any one of the following modes available for e-Verification:
- Digital Signature Certificate
- Aadhaar OTP
- Electronic Verification Code (using bank account / demat account)
- Electronic Verification Code (using Bank ATM – offline method)
- Net Banking
In this post we shall discuss as to how an assessee can e-verify income tax return using Net banking method:
Step 1: On the e-Verify page, select Through Net Banking and click Continue.
Step 2: Select the bank through which you want to e-Verify and click Continue.
Step 3: Read and understand the disclaimer. Click Continue.
Note: After this, you will be taken to the Net Banking login page of your Bank Account.
Step 4: Log in to your Net Banking using your Net Banking user ID and password.
Step 5: Click the link to log in to e-Filing from your bank’s website.
Note: You will be logged out of internet banking, and logged in to the e-Filing portal.
Step 6: On successful login, you will be taken to the e-Filing Dashboard. Go to the respective ITR / Form / service and click e-Verify. Your ITR / Form / Service will be e-Verified successfully.
A success message page is displayed along with a Transaction ID. Please keep a note of the Transaction ID for future reference. You will also receive a confirmation message on your email ID and mobile number registered on the e-Filing portal.
Please note that for doing such e-verification your PAN and bank account should be linked. Also, you can skip part no. 1 to 3 and start with step no. 4 directly and start e-verifying Income tax return.
To read about other methods to e-verify Income Tax return CLICK ME.
If the Income tax return is not verified within due time it will be considered as defective return u/s 139(9) and will treated as if the Income tax return was never filed.