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Union Budget 2019 Highlight:

 

PAN=Aadhar Now, PAN & Aadhar Number can be used interchangeably!
What will happen when a person :
-Doesn't have PAN: Aadhar can be used to file ITR & quote at all the places where PAN is Required.
-Have PAN: Aadhar & PAN needs to be linked first and then any of them can be quoted at the time of filing ITR.

Step 1: Visit incometaxefiling website & log-in to your account [by entering your User ID (which is PAN) and Password]. After that, click on tab “My Account” & from the drop down menu, select option “e-Verify Return”.

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Step 2: Now you’ll be able to see the list of ITR(s) filed as shown in the screen below. Here click on “e-Verify” button.

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Step 3: Here, from the options, select Option 3 to e-verify ITR using Aadhaar OTP. After this, click on option to “generate Aadhaar OTP” & if you already have received one then select “I already have Aadhaar OTP”.

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Step 4: An OTP will be sent to your registered mobile number( with Aadhar) like the screenshot shown below. This password is valid for 10 minutes only & after this you need to generate new OTP if ITR isn’t e-verified.

Insert this OTP & click on “Submit” button.

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Step 5: After you click on “Submit” button, ITR will be e verified & following notification will appear.

You can also check the status of return by going to Dashboard>View Returns/Forms>Income Tax Return. Here the status of ITR will be shown as “Successfully e-Verified”.

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Step 6: In the above screenshot, on clicking the acknowledgement number, your ITR-V will start to download.

This is a ITR-V acknowledgement form & it is different from the pre e verification ITR-V Form. Here at the bottom a line is given as, “Do Not Send This Acknowledgement To CPC, Bengaluru”. This line represents that your ITR has been e-verified.

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CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.