Filing of income tax return is not mandatory for everyone. But those covered under compulsory filing of ITR u/s 139(1) are bound to file ITR within the due dates specified under Income Tax Act.
After filing the ITR, it needs to be verified to complete the entire process. If you cannot verify the return after filing, it would be deemed as if you didn’t file any return.
So, in this article let’s find out the different ways to verify your ITR.
Modes of verification of ITR
There are different modes of verification available under the act to verify your Income Tax Return. They are
- Aadhaar OTP / EVC
- Digital Signature Certificate (DSC)
- Submission of ITR-V
- Paper Return
1. Aadhaar OTP / EVC
If your Aadhaar is linked to PAN, you can easily e-verify your return in this mode. Once chosen, you will get an OTP to your Aadhaar-registered mobile number. Soon after OTP validation, you will get an SMS and mail communication stating that your ITR is verified.
2. Digital Signature Certificate (DSC)
In this method, you can attach your DSC and e-verify the income tax return. But it is a complex process among all of these modes.
3. Submission of ITR-V
In this mode, you need to download your acknowledgement, sign it and send it to CPC, Bangalore within 30 days of filing to complete the verification process.
4. Paper Return
It is an offline mode of submission of ITR, wherein you physically fill the ITR and submit it to the concerned jurisdictional officer.
This facility is available only for Super Senior Citizens (whose age is 80 yrs or more) filing either ITR1 or ITR4.
Which mode is for whom?
- Individuals/HUF subject to tax audit u/s 44AB: ITR should be e-verified through DSC only
- Super Senior Citizens: ITR can be e-verified in either of the 4 methods mentioned above
- Other Individuals: They can e-verify through either of the first 3 methods mentioned above
Verification of ITR is a crucial part of the process of ITR filing. Failure to do so may attract consequences which are similar to non-filing of ITR.
So to avoid these consequences, please don’t forget to verify your income tax return after filing it.
Hope you have enjoyed the article. Please leave a comment, if you have any queries/questions relating to the topic. Thank you for your time.
Author is a Qualified CMA with an experience of more than 8 years in the industry. He is also an All India Rank holder in both Inter (AIR-26) & Final (AIR-46) examinations of ICAI. He loves to writes articles on Income Tax & GST.