Verification means proving the authenticity of your income tax return. After you file your income tax online and you have not attached your digital signature of your returns, the income tax department would need to verify the authenticity of your return. To do so, the department sends ITR Form V which stands for ‘Income Tax Return – Verification’. You are required to fill this form and submit it to the income tax department for verification after which your tax filing process would be complete.
ITR Form V is a one-page document which is sent by the income tax department when returns are filed without a digital signature. You are required to sign this document and send it to the Central Processing Centre of the income tax department which is located in Bangalore.
ITR Form V is usually sent by the income tax department directly to your email id. You are then required to print the form, sign it and send it to the Central Processing Centre located in Bangalore.
If, however, you do not receive any email from the department, you can also download the form online. To download, the following steps should be taken –
You can sign the ITR –V, put it in an envelope and send a post to the income tax department’s Central Processing Centre in Bangalore. The address is Income Tax Department – CPC, Post Box No.1, Electronic City Post Office, Bangalore-560500, Karnataka.
The ITR –V form can also be verified using the EVC mode. Through the EVC mode, a code is generated and verification is done through any of the following means –
Submission of the form to CPC Bangalore v/s EVC verification
Though both the methods include verification of the income tax returns, they differ from each other in various aspects. These aspects include the following –
|Submission to CPC Bangalore||EVC verification|
|This is a physical method of verifying the income tax returns||This is an online method of verifying the income tax returns|
|It takes some time for the mail to reach Bangalore office after which the verification process is completed||This is done instantly through a code|
|A charge is incurred in sending the post to the Bangalore office||This method of verification is free of cost and easy.|
Here are some important facts which you should know about filing, signing and submitting ITR-V –
When verifying the returns through EVC code, following should be kept in mind –
So, know what form ITR-V is, how to fill it and why it is necessary and complete your income tax filing by sending the ITR-V to the income tax department.
Yes, you can. If you lose Form ITR-V which the income tax department mailed you, you can always visit income tax department’s online website, log into your account and download another copy of the form. Even if you had downloaded the form earlier, you can download it again if you lose the initial copy.
TNo, the original copy of the form, containing your original signature should be sent.
You get a period of up to 120 days from the date of filing your returns for submitting Form ITR-V.
If you fail to submit ITR-V within 120 days of filing your income tax returns, your return would become invalid and it would not be processed by the income tax department. You might also get a tax notice for non-submission of the ITR-V Form.
You don’t need to submit any other document beside ITR-V.
Yes, the income tax return can be verified even without Form ITR-V. The verification can be done using the online mode through your email id, phone number, Pan Card, Aadhar card, etc.
Complete guide covering all the basic tax related terms. So, that tax terms will not work as a road-stopper in your way!!
Comprehensive Guide containing all Information that you must know while filing of your ITR for FY 2018-19 (AY 2019-20).
Free Income Tax Calculator for Assessment Year (AY) 2018-2019 and AY 2017-2018 with new budget changes.
Calculate HRA exemption based on your salary for AY 2018-19. Make accurate calculations of HRA for employees.
Hire smartest eCA's to File Your Income Tax Return. CA Assisted Filing of ITR. File your Income Tax Return with confidence and ease.
Tax2win is an efiling portal to prepare and efile income tax return Online. Tax2win helps individuals to file their income tax return.