Introduction of E-verification of IT Returns AY2015-16

Let us understand the Introduction of E-verification of IT Returns from AY 2015-16

Reference- CBDT, Notification No. 2/2015 dated 13th July 2015 introduced e-verification of ITRs.

Highlights—

·         A taxpayer may verify his Income Tax Return through Internet Banking or through Aadhar based authentication process.

·         Assessee using this facility will not be required to submit a signed paper copy of ITR-Verification form (ITR-V) to CPC Bengaluru.

·         For the convenience of small taxpayers having total income of Rs. 5 lakhs or below without any claim of refund, facility for generating Electronic Verification Code (EVC) has also been provided on the E-filing website of the Department. In such cases EVC will be sent to the registered e-mail ID and Mobile Number of person to enable him to thereafter use this code to verify the return.

·         In case a taxpayer is unable to electronically verify the ITR using the EVC for any reason, then, the signed copy of ITR-V may be sent within the specified time of 120 days to CPC Bengaluru by ordinary post or speed post.