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Post filing and uploading ITR, the next most important step of a taxpayer should be to verify the same. The income tax department facilitates this process by providing 2 different and easy methods for verification, online and offline. The online verification can be completed using Aadhaar enabled one-time password or net-banking or even through a demat account. Here, we are providing you some easy steps which you can follow to e verify your ITR using IDBI Net Banking.
You can e verify return through IDBI Bank using either of the 2 ways:
Let’s understand each process in-detail.
E verifying Income Tax Return through IDBI Net Banking is very easy. Just follow the below given steps:
Step 1: Visit IDBI Net Banking login portal. Log-in to your net banking account. Please note that to verify ITR using this method, you first need to have an active net banking account.
Step 2: As highlighted in the screen below, at the bottom-right, you will find option ‘Income Tax e-Filing’. Click on it.
Step 3: You will be redirected to the screen below. Here, confirm your prefilled Account Number and PAN using which you want to e verify ITR. After this click on the Submit button.
Step 4: Your selected account number as well as your PAN will appear on the screen. Proceed by clicking on ‘Login into e-Filing’ button. If you want to change some details, select ‘Back’ option.
Step 5: You will now be redirected to the Income Tax Efiling portal. From here select, My Account>e-Verify Return. Now click on ‘e-verify’ button as highlighted below.
Step 6: A pop-up screen will appear, read the instructions carefully. After this click on the ‘Continue’ button.
Step 7: A confirmation text will appear on your screen stating that ITR has been successfully e-verified.
You can now download and check ITR-V either from your registered email id or from e filing portal stating the message that now you need not send it to CPC, Bengaluru.
Step 1: First of all, you need to visit the nearest IDBI Bank ATM. Swipe your IDBI Debit Card and after that select the preferred language.
Step 2: You will be asked to enter the PIN. Enter it. Once inside the portal, you will get the below screen, from here select ‘Other Transactions’.
Step 3: From the next screen, click on the button ‘Generate EVC’.
After completing the above procedure, the ATM screen will show the following message:
“EVC Generation Request has been processed successfully. EVC will be sent to your Registered Mobile Number and Registered email ID with the Income Tax Department. EVC will be valid for 72 hours."
You will receive a 10 digit alphanumeric EVC from the Income Tax Department on your registered Mobile Number and registered Email ID.
Dear Taxpayer, Your EVC is BGTXQ5ZA5N and kindly use this EVC to e-verify the return/form for BFXXXXXX1D (PAN) e-filing, Income Tax Department.
EVC to e-Verify your return/form is generated successfully. Your EVC is DEAXR6ZA2N and is valid for 72 hours. Kindly use this EVC to e-Verify the return/form for CRXXXXXX8P.
This is a system generated email, please do not reply. Add [email protected] to your whitelist / safe sender list. Else, your mailbox filter or ISP (Internet Service Provider) may stop you from receiving emails.
If you did not generate EVC and received this email, then somebody else might have generated from your account. Please contact 1800 4250 0025 immediately.
Income Tax Department
However, some important points which you need to remember before e verifying using ATM are:
Note: After generating the EVC, you will have to login at the Income Tax eFiling portal, and insert the code there in order to successfully e verify your Income Tax Return.
Income tax department provides the taxpayer with 2 ways to e verify ITR i.e. either online or offline. Offline verification means posting ITR V printout to CPC, Bengaluru. On another hand, Online Verification means verifying via Net Banking or ATM etc.
As per Income Tax Act, ITR should be verified within 30 days of filing the return. And it should be complied mandatorily because checking of ITR is done only after it has been verified. In case you fail to verify return within the given time period then it will be considered as invalid. Due to that, you’ll have to file a fresh return from the beginning.
If Income Tax Return is verified Physically i.e. using offline mode; then it is simple verification of ITR. However, when Income Tax Return is verified using Online methods then its called e verification.
It is up to the taxpayer whether he/she wants to verify ITR online or offline. However, for the sake of simplicity, and convenience it is recommended to verify ITR online.
Verification of ITR using the Electronic Verification Code (EVC) is called as EVC Verification.
There are 4 ways to generate an EVC to e verify income tax return, which are as follows:
ITR V or ITR Verification is a 1 page form which serves as a proof that your Income Tax Return has been filed with the Income Tax Department.
Basically, there are two types of ITR V acknowledgment, the first one is pre e verification (ITR V Form) & second one is post e verification (ITR V Acknowledgement).
The first image in the file attached below is of ITR which has not been verified & the next one is the e-verified ITR. As it is visible in the e verified ITR, at bottom a red-line is given “DO NOT SEND THIS ACKNOWLEDGEMENT TO CPC, BENGALURU”.
This line indicates & serves as proof of ITR e verification. It is important to note that such a line will only be shown when the income tax return is e-verified (i.e. not in case of offline verification by sending a post to CPC).
Yes, you can send ITR V to CPC, Bengaluru using either Ordinary Post or Speed Post. However, the option to post via Courier, is not allowed.
After filing Income Tax Return, it is mandatory for everyone to verify return (either offline or online) within 30 days of filing. If the ITR V is not verified within 30 days then your return will be considered as invalid & you’ll have to file a fresh return from the beginning. A belated returns fee will be applicable u/s 234F.
You can check the status of ITR V by visiting the Income Tax India page & fill-in the relevant details.
Acknowledgment of ITR V depends upon the method you have opted for verifying ITR.
If your ITR V receipt status shows “ITR-V Rejected” then in such a case, click on the Acknowledgement Number & the reason for ITR V rejection will be shown.
ITR V can be rejected for various reasons like you may have sent return for verification after 30 days or ITR V was folded or stapled etc. Make sure that you correct the mistake & resend ITR V (other than the case where 30 days limit has been exceeded).
It is highly recommended for taxpayers to download & save ITR V acknowledgment. Although it is available every time on income tax filing website, it is suggested to keep it handy & therefore download it now.
To know more about all other modes of ITR verification, refer to this page.
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