If you have not filed your income tax return yet, then this news is useful for you. Actually, the process of filing income tax return has started. At the same time, the last date for filing ITR is 31st July. In such a situation, it is necessary for all taxpayers falling under the tax slab to file ITR on time.

If you are filing ITR for the first time, then it is very important for you to understand that just by filing income tax return, you do not get the refund on time, but you also have to complete its last process. If you want a quick refund, then you should do some work during ITR filing so that you can get the return quickly.

Also Read: 8th Pay Commission Salary Structure, How much will the salary increase, when will it be implemented?

This work is very important

If taxpayers want to get their refund on time, then they must complete the process of e-verification after e-filing. If you fail to do so, your ITR will be considered incomplete and you will not receive the refund on time.

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From August 1, 2023, a fee of Rs 1,000 to Rs 5,000 will have to be paid for doing this work. Keep in mind that after filing ITR, it is also necessary to do e-verification. ITR filing is not considered complete without e-verification. If you have filed ITR but have not completed the work of e-verification, then settle it immediately.

In how many days it is necessary to do the work of verification

It is worth noting that after filing the income tax return, it is necessary to do the work of e-verification. For this, the Income Tax Department gives a total time of 120 days. You can verify it along with filing ITR. E-verification is an OTP based process in which you can complete the verification process through Demat account, ATM or Aadhaar only. Your return will be filed without e-verification, but it will be considered complete only when you e-verify it.

What are the methods of e-verification-

You can complete the verification work through the registered mobile number of Aadhaar.
The process of verification can be completed with you bank account.
This process can also be completed with a Demat account. You can complete this work with net banking also.

Learn step by step process of ITR e-verification

1. For this, first of all click on the e-filing portal of the Income Tax Department. Here you will get the option of e-verification, click on it.
2. Next you have to enter PAN number, assessment year and ITR acknowledgment number. After that click on the option of Continue.
3. Now a 6 digit OTP will come on your mobile number, enter it.
4. If you are doing e-verification within 30 to 120 days, then select on the OK option.
5. Next you have to enter the reason behind this delay.
6. After this, complete the process of e-verification by selecting one option from Aadhaar, Bank Account, ATM, NetBanking etc.

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Department issued order!

As per the order, the Income Tax Department has reduced the deadline for submission
of hard copy of ITR-V or e-verification after filing income tax return from the existing 120
days to 30 days, with effect from 1st August i.e. Has gone. The department had
announced the change in the deadline by issuing a notification on July 29. That is, for
those who submitted ITR on August 1, the last date for e-verification is August 31.

These rules have been applied to tax payers who file their income tax returns on or after August 1. According to the new notification of CBDT, now the date of furnishing the return electronically will be deemed to be the same when Form ITR-V is submitted within 30 days from the date of transmission of data electronically.

Verification is mandatory:

As per income tax laws, ‘ITR will not be considered valid if it is not verified after filing. As per the rule you can verify this in six ways. Generally, audit of ITR-1, ITR-2 and ITR-4 is not required. Let us know in which ways ITR can be verified.

How to E-Verify ITR through Aadhaar:

Step 1: Go to https://www.incometax.gov.in to access your e-filing account Step 2: Select e-Verify Return option under Quick Links.

Step 3: In this, select Verify using OTP on the mobile number registered with

Aadhaar. Then click on e-Verify screen.

Step 4: Select ‘Agree to verify Aadhaar details’ as checked on the Aadhaar OTP screen. Then click on Generate Aadhaar OTP.

Step 5: After entering the 6-digit OTP sent to your Aadhaar-registered mobile number, click on Validate.

Step 6: Remember that this OTP is valid for 15 minutes only. You will be given three chances to enter the correct OTP. You will also see an OTP expiry countdown timer on the screen, which will notify you when the OTP is received. Whereas when you click on Resend OTP, a new OTP will be generated and you will get it.

Step 7: Now a page with the success message and transaction ID will appear. Keep the transaction ID handy for further use. A confirmation message will also be sent on the e-mail and mobile number that you have given on the filing portal.

You can do ITR e-verify in these ways:

1. Through Aadhaar OTP

2. By logging into e-filing account through Net Banking

3. EVC through Bank Account Number

iv. EVC through Demat Account Number

v. EVC through Bank ATM

vi. By sending signed copy of ITR-V through post to CPC, Bengaluru

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Department issued orders!

As per the order, the Income Tax Department has reduced the deadline for submission of hard copy of ITR-V e-verification or ITR-V after filing of income tax returns to 30 days from the existing 120 days, with effect from August 1, i.e. today. Has been done. The department had announced the change in the deadline by issuing a notification on July 29.

These rules will be applicable to taxpayers who file their income tax returns on or after August 1. According to the new notification of CBDT, now the date of furnishing the return electronically will be deemed to be the same when Form ITR-V is submitted within 30 days from the date of transmission of data electronically.

verification is mandatory

As per income tax laws, ‘ITR will not be considered valid if it is not verified after filing. As per the rule you can verify this in six ways. Generally, audit of ITR-1, ITR-2 and ITR-4 is not required. Let us know in which ways ITR can be verified.

ITR can be e-verified by these methods
1. Through Aadhaar OTP
2. By logging into e-filing account through Net banking
3. EVC through bank account number
iv. EVC through Demat Account Number
v. EVC through Bank ATM
vi. By sending signed copy of ITR-V through post to CPC, Bengaluru

How to E-Verify ITR through Aadhaar
Step 1: Visit https://www.incometax.gov.in to access your e-filing account.

Step 2: Select e-Verify Return option under Quick Links.

Step 3: In this, select Verify using OTP on the mobile number registered with Aadhaar. Then click on e-Verify screen.

Step 4: Select ‘Agree to verify Aadhaar details’ as checked on the Aadhaar OTP screen. Then click on Generate Aadhaar OTP.

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Now that the last date of ITR has passed since July 31, Anjali is worried about her refund. His CA had told that after all the deductions, he would get a refund of Rs 15,000 from the Income Tax Department, but even after a month of filing the return, he did not get his refund, then now he is worried. Like Anjali, there would be lakhs of taxpayers who would have filed their ITRs in early July for early refunds.

If such taxpayers are worried about refund, then they can check their status online. For this, you will need PAN, Aadhaar and mobile number, which should be linked with your Aadhaar. In how many days refund is received, tax matters expert and CA Girish Narang says that according to the Income Tax rules, refunds start coming within 20 to 60 days of e-verification of your ITR.

If no refund has been received even after this time has passed, then you should check the e-mail received from the department. You can also check your refund status online.

How to Check Refund Status –

First of all go to www.incometax.gov.in.
Log in by entering your PAN card details.
Then click on e-file option.
Select Income Tax and click on View Filed Return.
Here you can see the status of your ITR.
You can now view the refund status of your ITR by clicking on View Details.

If the refund has not come, what to do if you have not received the refund even after the passage of time, then first of all check your registered e-mail. If the Income Tax Department has stopped your refund due to some discrepancy, then mail must have come about it. If you see an error, it can be fixed. If not, you can also complain about it to the Income Tax Department. For this, the help of e-filing portal or toll-free number issued by the department can be taken.

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Apart from all this, the government has issued an important notification for ITR e-Verification. According to the Finance Ministry, now ITR e-verification will have to be done within 30 days, for which earlier 120 days were available.

When will the ITR filing date be considered

In fact, the Finance Ministry issued a notification saying that those people who have not filed their ITR till 31 July, those people will have 30 days to file ITR from 1 August to 31 December 2022. You will have to get your e-verification done inside.

This new rule will be applicable to those people who have not filed their ITR till July 31 due to some reason. According to the notification, the date of filing ITR will be considered from the date of verification.

This means that if you file your ITR on 1st August and your e-verification happens on 30th August, then the date of filing ITR will be considered as 30th August, not 1st August. .

What if the verification is not done within 30 days?

According to the notification issued by the Finance Ministry, this new rule will not apply to those people who have filed ITR till July 31. This rule will be applicable only to those who have not filed their ITR for the financial year 2022-23 by 31 July 2022.

People who filed ITR with penalty between August 1 and December 31 will have to do their e-verification within 30 days, if the taxpayer is not able to do so within a period of 30 days in any case, then his ITR ( ITR) filing will be treated as invalid.

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Do you know that after filing ITR, you can check the status of your ITR. You can find out whether your return has been processed by the Income Tax Department or not. The ITR filing process does not end on submission of the return. The taxpayer should keep checking the status of his return till it is processed. There are five situations for your return after ITR filing. The different types of ITR status are as follows-

Pending for e-Verification/Verification

This is a situation where a person has filed ITR but has not e-verified it, or his duly signed ITR-V is not yet received in the CPC.

Successfully e-Verified/Verified

This is the situation when the return of the taxpayer has been submitted and it has also been duly e-verified, but the return has not been processed yet.

Processed

Your return has been processed successfully.

Defected

This is a situation where the Income Tax Department considers the ITR filed by you as defective. He finds some defect in the return filed due to lack of certain information or discrepancies required under the law. In such a case, the concerned person will be given notice under section 139(9) on behalf of the department. The person will be asked to rectify the mistake within a stipulated time frame from the date of receipt of the notice. If a person does not correct it, then his ITR becomes invalid.

Case transfer in the name of Assessing Officer

In this case the CPC transfers your ITR to the AO of your jurisdiction. The AO may ask you for some information.

How to Check ITR Status Online

• Visit www.incometax.gov.in
• Log in to your account by entering PAN/Aadhaar number as User ID and your password
• After logging in click on ‘e-File’ option
• Under the ‘e-File’ option, select ‘Income Tax Return’ and then select the option ‘View Filed Returns’
• Check Latest ITR Filed
• Select ‘view details’ option
• Now you can check the status of your ITR

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