TR verification Rules Change: The government has once again given a jolt to the taxpayers. First disappointed by not extending the date of ITR filing, now the period of ITR verification has also been reduced.
The thing is that CBDT i.e. Central Board of Direct Taxes has changed the rules for doing ITR verification. For example, earlier where the income tax payer did not get time to verify ITR for 120 days after filing ITR online. At the same time, now he will get only 30 days for this work. This means that now ITR has to be verified within a month of filing it. The special thing is that the new rule has come into effect from August 1.
Now they also know what will happen if they do not do this. Form ITR-V has to be filed within 30 days of filing ITR electronically. If ITR-V is filed after this period, it will be deemed that the return in respect of which this form has been filed has never been filed and the income tax payer will have to file again.
Then Form ITR-V has to be filed within 30 days of this. However, the CBDT has clarified that the earlier time limit of 120 days will be applicable in respect of returns filed before the date of coming into force of this notification.
Now let’s understand the story of this ITR verification. The last step in the process of filing income tax return is to verify or verify it. If you do not verify then you will not get income tax refund. Also, ITR without verification will be considered invalid. At the same time, you can get ITR verified both online and offline.
According to the information given on the income tax portal, there are a total of 6 ways to verify ITR. Out of these, 5 methods are online and one way is offline. We will tell you one way now. Income tax return can be verified through netbanking. If you want, you can also verify ITR with your Aadhaar.
This method is of Aadhaar OTP, for which you will have to go to the Income Tax website for verification. You will also have to visit this website for verification through net banking. For e-verification through net banking, one has to login to the bank’s website. In that you will get the option of e-verify in the Tax tab. After this, EVC can be generated by clicking on the My Account tab of the Income Tax Department.
On clicking this, a 10 digit code will come to your email and mobile phone. This code is valid for 72 hours. To verify your income tax return, go to My Account tab and enter EVC. Your ITR will be verified as soon as you submit it.