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Verifying your income tax return (ITR) is the final step in the income tax return filing process. If you do not verify your ITR within 30 days of filing it, it will be considered invalid under income tax laws. In this guide, we have covered the process of verifying your income tax return offline ( ITR-V).
(Please note that ITR-V stands for ITR- Verification and it is not the ITR-V form)
Step 1: While filing your income tax return, you will see an option “complete your verification” once you have submitted your tax return. In this step, you will have to select the third option, i.e., verify via ITR-V.
Step 2: Log in to your account again on https://www.incometax.gov.in/iec/foportal.
Step 3: After logging in, click on services tab> view filed return and you will see a window with your details.
Step 4: Click on the download button
Step 5: After downloading the form, get a printout and fill it completely followed by signing it with blue ink. Send the form to the Bangalore office to complete your verification.
This notification is only for the receipt of the ITR-V; the confirmation for the processing of the tax return is separate.
Ans. An ITR filed but not verified is treated as an invalid return by the department.
Ans. Time limit to E-verify the return is 30 Days if missed the date then return would be considered as invalid return.
Ans. Taxpayers may get a notice from the Income Tax department.
Ans. Penalty for late filing of Income Tax return u/s 234F is Rs. 5000 if income is above Rs. 500000/- otherwise Rs. 1000/-
Ans. ITR-V needs to be sent to CPC within 30 days of filing of Return.
Ans. It can be downloaded by login into the Income Tax Site.
Ans. To change email address, you need to login to income tax portal> my account>and edit the address > save>done.
Ans. Yes, taxpayers need to send ITR-V to CPC.
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