Step 1: File your Income Tax Return first, because verification can only be done when the return is filed.
Step 2: After filing the return, visit income tax efiling website. Here, on the right-side click on button “Login Here”. The screenshot below will open, now provide the required details & log-in to your account. (User ID is your PAN number & Password as set by you while registering on the website).
Step 3: Once you login, click on the option “View Returns/ Forms”. Here information of all your Income Tax Returns is stored for quick reference.
Step 4: On this page, open the drop-down menu and select option “Income Tax Returns”. After this click on “Submit” button.
Step 5: You will be redirected to the screen as shown below. Here, for the relevant AY (for ITR of FY 2017-18, the AY is 2018-19) click on the Acknowledgement Number.
Step 6: On this page, under heading Downloads/ Status Description, click on “ITR-V/ Acknowledgement”. Now your ITR-V will start downloading and after this open the file from the location where it has saved.
Your ITR-V will be as the sample given below.
Step 7: Now to verify your ITR offline, you have to post a clear & properly visible printout to the Income Tax Department office (i.e. CPC) in Bengaluru. And the post should be done using either a Ordinary Post or a Speed Post (you cannot send it through a courier or any other method).
Printed ITR-V should be sent to the following address:“ CPC, Post Box No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka, India “
Once your ITR-V is received by the department, an SMS will be sent to your registered mobile intimating the “receipt” of ITR-V. Please note, this intimation is just for “receipt” & a separate intimation will be given for processing of ITR.
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 120 Days if missed the date than return would considered as invalid return.
Ans. Taxpayer 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 120 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 taxpayer need to send ITR-V to CPC.
Complete guide covering all the basic tax related terms. So, that tax terms will not work as a road-stopper in your way!!
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