Have you filed your Income Tax return? When can you expect a refund from the Income Tax Department? An income tax refund happens to a taxpayer if he has paid taxes higher than his actual tax liability. When a taxpayer claims a refund in his return of income, the tax department processes such a return. After this, the taxpayer will get a confirmation from CPC of the quantum of refund that the taxpayer is eligible for.Also Read: How to be financially independent with a good credit score
The Electronic Verification Code (EVC) plays a crucial role in submitting tax returns through e-verification. The e-verification should be done within a time limit of 120 days, else the Income Tax return will be considered invalid. The e-verifying of your return through EVC can be done through these five various steps. Lets check the step-by-step process.
1) Via Aadhaar OTP
- Go to the e-filing portal
- Link Aadhaar Number with PAN, if not linked yet
- After Aadhaar is successfully linked, click on the screen
- Select option to e-Verify return using Aadhaar OTP
- Generate OTP that you will get on your registered mobile number
- Enter your OTP on the e-filing portal
- Now the process is verified.
2) Via Net Banking
- Login to your net banking account
- Click on the income tax e-filing link given by the bank
- Click on the e-verify link for the return to be verified
- Now the return will be verified
3) Via Bank ATM
- Swipe your ATM card in the bank ATM
- Click on PIN for e-Filing
- EVC will be generated on the registered mobile number
- Login to the e-filing portal to select an option to e-verify returns using the Bank ATM
- Enter your EVC on the e-filing portal
- Now the return will be verified
5) Via Demat Account Number
- Visit the e-filing portal
- Pre validate your Demat Account Number, if not done before
- After the Demat account validated, click on the e-verify link
- Select the option to e-verify using Demat account details and generate OTP
- EVC will be received on a registered mobile number
- Enter your EVC on the e-filing portal, it will be verified
- Apart from these methods, you can also check through the physical method, which is to send a copy of ITR-V via post.
Difference between pre-login e-verification and post-login e-verification
You can choose to e-verify your filed ITR before or after logging in to the e-Filing portal. The only difference is that while using the pre-login service, you will be required to provide the details of your filed ITR (PAN, Assessment Year, and Acknowledgment Number) before e-Verifying the ITR. If you choose to use the post-login service, you will be able to choose the respective record of ITR filed rather than provide any such details before e-Verifying the ITR.Also Read: Best prepaid Plan with up to 2GB daily data under Rs 200, check all offers
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
