ITR Verification: Refund will not come just by filling ITR, this work is most important to get money refund – details here

0
222

If you have filed income tax return, then verify it well in time. If you have not done ITR Verification then your ITR filing will be useless and will not be considered. The last step to file ITR is not form submission, but verification. You will not get returns just by filling ITR. So if you have only filed the return and not verified it, do it immediately.

- Advertisement -

Earlier income tax payers could verify ITR up to 120 days after filing ITR online. But, last year CBDT reduced this time to 30 days. This means that now within one month of filing ITR, it has to be verified. The new rule came into force in August last year. CBDT had issued a notification in this regard.

The notification said, “Form ITR-V has to be filed within 30 days of filing electronic ITR. If ITR-V is filed after this period, it will be treated as if the return in respect of which this form has been filed has never been filed. Then the income taxpayer will have to fill the data (return) again and then file ITR-V within the time period of 30 days.

ITR is invalid without verification

The last step in the process of filing Income Tax Return (ITR) is to verify or verify it. ITR without verification will be considered invalid. In this situation, you will have to file the return again and get it verified. If you do not verify then you will not get income tax refund. If a person fails to verify his ITR (Income Tax Return) before the due date, then he can request the department to verify his ITR with delay, stating the reason for the delay. If this request is approved, he can verify the return.

You can do this work in 6 ways

ITR can be verified both online and offline. There are a total of 6 ways to verify ITR. Of these, 5 methods are online and one method is offline. You can verify ITR online with the help of OTP received on registered mobile number, bank account, demat account, ATM and netbanking. ITR verification can also be done by sending the signed copy of the ITR-V form to the Income Tax Department by post.

- Advertisement -