ITR-V Rejection: What to do if your ITR-V is Rejected

Reasons for ITR-V rejection

Incomplete or Inaccurate Information

Your ITR-V can get rejected due to incomplete or inaccurate information. This includes errors such as typographical mistakes in personal details, inaccuracies in income figures, or claimed deductions. It is important to thoroughly verify all entries for accuracy before submitting the form. Providing incorrect information may lead to processing delays, rejection of the application, or potential penalties. To avoid these issues, carefully complete the form and proofread it, especially after entering numerical data or codes.

Income Discrepancies

Discrepancies in income are a major concern for tax authorities. The Income Tax Department may reject your ITR if there is a mismatch between the income declared in your return and the income reported by your employer (as shown in Form 16) or other sources. This happens because the department receives data from multiple sources, including employers, banks, and investment institutions. If there are valid reasons for the discrepancy, such as income already taxed and reported by another source, you will need to provide a clear explanation along with your ITR filing.

Incorrect Tax Assessment

Another important reason for the rejection of ITR-V is the inaccuracy in the assessment of income tax. It is important to calculate the tax liability accurately. Any errors in computing the taxable income, exemptions, deductions, and tax rates can result in rejection. Moreover, the tax rules are also subject to change. Therefore, it is important to stay updated.

Timely Submission

Submitting your ITR on time is essential, as each year has a specific filing deadline. Missing this deadline increases the risk of penalties or rejection. To avoid complications, file your return well before the due date.

Failure to Include a Signature or Verification

Failing to include a signature or complete verification can lead to significant issues. The ITR form typically requires a physical signature in designated areas, and e-verification may also be necessary after submission. Missing either step can result in the rejection of your return.

Technical Issues

Technical glitches during ITR filing can be frustrating but are manageable. Common issues include data transfer errors, system overloads, validation failures, and security certificate errors. These glitches can sometimes lead to submission errors or even rejection of your ITR. Addressing such issues promptly by identifying the specific problem and seeking support can help ensure a smooth filing process.

Poor Quality Form

When submitting a paper form physically, ensure it is printed clearly on A4 sheets. Blurry, torn, or poorly printed forms may be rejected during processing. Use a black pen to fill out the form for better contrast. If making photocopies, ensure they are clear and complete reproductions of the original. Avoid double-sided printing unless specifically instructed otherwise.

Non-verifying Your ITR

The Central Processing Center (CPC) requires the ITR-V form to be verified to authenticate your return. You can verify it electronically through Aadhaar OTP, net banking, or by sending a signed ITR-V form via post. Failure to complete verification within the specified timeframe may render your return invalid and lead to rejection.

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Points to Keep in Mind before Sending ITR-V

Several times, even after a taxpayer sends the ITR-V to the income tax department, they may endure a notice from the income tax department that they have not yet filed their income tax return. If the taxpayer needs to find out the reasons owing to which the income tax department has dispensed such notice, the taxpayer is required to login to www.incometaxindiaefiling.gov.in with their login ID and password. On the dashboard, if the taxpayer clicks on past returns filed, they can see the ITR-V Rejected message. If the taxpayer clicks on the acknowledgment number, they can view the grounds for rejection of the return by the income tax department.

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The Solution

To file a revised return, follow these steps:

1. Mark your return as revised and e-File it.
2. You will receive the revised ITR-V on your registered email ID.
3. Print the revised ITR-V and send it to CPC Bangalore via speed post for verification.

Ensure the ITR-V is signed and sent within the specified timeframe to complete the process.

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What is an ITR-V?

ITR-V is the short form for ‘Income Tax Return – Verification’ form. This form is obtained when a taxpayer e-files without utilizing a digital signature. The income Tax Department is required to verify the genuineness of the income tax return when registered online without applying a digital signature. Upon acceptance of ITR-V, a taxpayer has to sign the copy and offer it to the Income Tax Department to finish the filing process.

When a taxpayer e-files without using a Digital Signature, he or she can receive ITR-V as an adjunct in the e-mail sent by the Income Tax Department. Since the return the taxpayer filed, was not acknowledged, their filing is still considered unfinished. To complete the return filing method, follow the below-mentioned steps –

• Print and sign ITR-V.
• Do not overlap this signed ITR-V. Include the same in an A-4 size envelope.
• Mail the cover within 30 days of e-filing to:
• For example,

                      The Income Tax Department CPC
                                                          Post Box No.1,
                                                          Electronic City Post Office,
                                                          Bangalore 560100, Karnataka.
                                                          

• Against receipt of ITR-V, the Income Tax Department will communicate an e-mail acknowledging the acceptance of a signed copy of ITR-V. This is a taxpayer's acknowledgement.
• The filing is now finished.

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How to Upload ITR-V Correctly

Given below are the steps to upload ITR-V Correctly -

• Download the ITR education software for the appropriate assessment year to the PC / Laptop from the "Downloads" page.
• Plan the return using the downloaded Software.
• Collect all the information concerning their income, tax returns, deductions, etc. Pre-populate the individual details and tax payments/TDS by ticking on the 'Pre-fill' button. Correspond with the information, and the taxpayer has to ensure that nothing is dropped out. Enter all information and click on ‘Calculate’ to estimate the tax and interest mortgage and final figure of Refund or Tax owed Tax is payable- remember to repay immediately and register the details in the appropriate program.
• Repeat the above step so that the tax owed becomes zero. Generate and protect the Income Tax Return data in XML format in the coveted path/place on the PC/Laptop. Begin with visiting the e-Filing website with the User ID, Identification Key, Date of Birth /Date of Incorporation and insert the Captcha code. Go to e-File and click on "Upload Return." Select the correct ITR, Assessment Year, and XML file saved beforehand utilizing the browse button.
• Upload a Digital Signature Certificate (DSC) if required. Please confirm the DSC is registered with e-Filing. Tick on the "Submit" key.
• On fruitful submission, ITR-V would be presented (if DSC is not used). Click on the link and download the ITR-V. ITR-V will also be directed to the registered e-mail. If ITR is uploaded with DSC, the Return Filing process is finished.
OR
• The return is not uploaded with DSC, and the ITR-V Form should be printed, signed, and mailed to CPC within 30 days from the date of e-Filing. The return will be handled only upon receipt of signed ITR-V. The taxpayer has to check their e-mails/SMS for reminders on non-receipt of ITR-V.
• Upload Income Tax Return process is now complete.
• Prepare and Submit ITR Online

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How to Prepare and Submit ITR Online

It is important for certain taxpayers to have their accounts audited by a Chartered Accountant as follows-

• Initialize to the e-Filing website with the User ID, Identification key, Date of Birth /Date of Conception, and Captcha code.
• Go to e-File and tick on "Prepare and Submit ITR Online." Only ITRs 1 and 4S can be completed online. Choose the Income Tax Return Form ITR 1/ITR 4S and the Valuation Year. Complete all the items and click the "Submit" key.
• Upload Digital Signature Certificate (DSC), if relevant. Please guarantee the DSC is filed with e-Filing. Tick on the "Submit" key.
• On triumphant submission, ITR-V would be revealed (if DSC is not accepted). Tick on the link and download the ITR-V. ITR-V will also be sent to the certified e-mail. If ITR is transmitted with DSC, the Return Filing means is finished.
OR
• The return is yet to be uploaded with DSC; the ITR-V Form should be published, signed, and proffered to CPC within 30 days from the time of e-Filing. The return process will begin only upon acceptance of signed ITR-V. The taxpayer has to review their e-mails/SMS for reminders on the non-receipt of ITR-V.
• In the new method, a one-time password (OTP) will be generated after uploading the return. With the assistance of this OTP, the taxpayer can prove their ITR filed, and there will be no obligation to send confirmation to Bangalore. From the Assessment Year 2015-16, an alternative is given to the taxpayer to prove their return of revenue via Electronic Verification Code (EVC).
• In these circumstances, taxpayers shall not be compelled to send the signed proof of ITR V to CPC, Bangalore.

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What is EVC and How can it be Produced

For electronic confirmation of return, an Electronic Verification Code (EVC) is created. EVC will be a different number associated with an assessee's PAN. One EVC can be utilized to authenticate one return, irrelevant, of evaluation year or sort of profit. EVC created via Aadhaar Card will be adequate only for 10 minutes, and in any other case, it will be legitimate for 72 hours.

The following assessees cannot file the return through EVC:

a. Taxpayers whose accounts are expected to be audited under Section 44AB;
b. Political parties who are submitting their return of income in ITR-7; and
c. Companies

Taxpayers can produce EVC by any of the four methods given here -

• 1. Through e-filing website of income tax department:
  1. This convenience is available only to the assessees:
  2. Having a total income of Rs 5 lakh or less, and
  3. Not claiming an income tax return
  4. EVC produced will be sent to the certified e-mail ID and mobile number.
• 2. Via net banking

  If the taxpayer's bank is registered with the Income Tax Department, they can immediately access the e-filing website through their account login. EVC produced will be mailed to the registered e-mail id and mobile number of the taxpayer.

• 3. Through Aadhaar number

  Taxpayers can connect their Aadhaar Number with their PAN on the e-filing website to produce the EV. After connecting Aadhaar Number to PAN, 'one-time password' ('OTP') will be created by UIDAI and mailed to the taxpayers' mobile numbers recorded with UIDAI. This Aadhaar based OTP is the EVC and can be applied to check the income tax return.

• 4. Via the ATM

  Taxpayers can produce EVC through ATM only if the ATM card of the taxpayer is connected to PAN. The bank will liaise to e-filing website which will incorporate EVC and communicate the EVC to assessees on their listed mobile numbers.

After reading all the options accessible for generating EVC, the taxpayer must know how and when this EVC shall be utilized in the confirmation process.
E- Verification of ITR is needed to be done in the circumstances including while uploading a record, or of a previously uploaded return. For e-verification, taxpayers have two possibilities:

• I would like to e-verify promptly
• I would fancy to e-Verify later/ I would like to send ITR V

For those who select 'I would like to e-verify now':

• Step 1: Begin with the EVC sent to the taxpayer's registered e-mail ID / mobile number and present to e-verify return.
• Step 2: Download the confirmation (No further action needed).

For those who prefer 'I would like to e-verify later/ I would like to send ITR V.'

• Step 1: Agree on Continue -> Download ITR V
• Step 2: Proffer ITR V to CPC, Bangalore.

For the E-verification of a previously uploaded return, the assessee has to agree to the e-verify return below ‘e-file.’ Uploaded returns (30 Days) that are still to be e-verified are illustrated in a table. Tick on e-verify (for the return previously uploaded).

Is your ITR-V rejected and you don’t know what to do? Get in touch with our experts who can not only help you file your ITR but also help you figure out the ITR-V rejection. Book an online CA now!

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