ITR: ITR will become invalid if e-verification is not done on time, new rule will be applicable from August 1

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The last date for filing Income Tax Return (ITR) for assessment year 2022-23 or FY 2021-22 has passed since July 31, 2022. If you have filed your return after July 31, then you will get less time for e-verification of it. Failure to do so will make your ITR invalid. The Central Board of Direct Taxes (CBDT) has made changes in the ITR verification rules.

The new rule has come into effect from August 1, 2022. Under this, income tax payers filing returns online will now get only 30 days for verification. Earlier it used to get 120 days time. The CBDT has clearly stated that the returns filed before the effective date of this notification will get 120 days for verification as before.

Verification can be done in two ways
The last step in the process of filing ITR is to verify it. It can be verified either online or offline. According to the information given on the income tax portal, income tax payers can e-verify the returns filed in six ways.

How to do e-Verification

From Aadhaar OTP: For this it is necessary to link your Aadhaar with mobile. PAN and Aadhar should also be linked. After this, go to the ‘e-Verify’ page of the Income Tax Department. There select the option of Verification with Mobile OTP (One Time Password). Thereafter proceed by selecting the option ‘Continue’ and on the new screen click on ‘I agree to the verification through my Aadhaar’. After this OTP will come on your mobile. You can verify your return by entering it.

Through bank account: For this the bank account should be already verified. Here income tax payers can do ITR verification by generating electronic verification code. This code will come on your e-mail id and mobile number.

With the help of Demat account: Go to the e-Verify page of the Income Tax Department and select the Demat account option. After this, on clicking the ‘Continue’ button, you will get an electronic verification code. You can verify your ITR by entering it.

With the help of ATM (offline mode) you can verify the ITR by generating the electronic verification code. Apart from this, verification can also be done through net banking and Digital Signature Certificate (DSC).

Expansion

The last date for filing Income Tax Return (ITR) for assessment year 2022-23 or FY 2021-22 has passed since July 31, 2022. If you have filed your return after July 31, then you will get less time for e-verification of it. Failure to do so will make your ITR invalid. The Central Board of Direct Taxes (CBDT) has made changes in the ITR verification rules.

The new rule has come into effect from August 1, 2022. Under this, income tax payers filing returns online will now get only 30 days for verification. Earlier it used to get 120 days time. The CBDT has clearly stated that the returns filed before the effective date of this notification will get 120 days for verification as before.

Verification can be done in two ways

The last step in the process of filing ITR is to verify it. It can be verified either online or offline. According to the information given on the income tax portal, income tax payers can e-verify the returns filed in six ways.

How to do e-Verification

From Aadhaar OTP: For this it is necessary to link your Aadhaar with mobile. PAN and Aadhar should also be linked. After this, go to the ‘e-Verify’ page of the Income Tax Department. There select the option of Verification with Mobile OTP (One Time Password). Thereafter proceed by selecting the option ‘Continue’ and on the new screen click on ‘I agree to the verification through my Aadhaar’. After this OTP will come on your mobile. You can verify your return by entering it.

Through bank account: For this the bank account should be already verified. Here income tax payers can do ITR verification by generating electronic verification code. This code will come on your e-mail id and mobile number.

With the help of Demat account: Go to the e-Verify page of the Income Tax Department and select the Demat account option. After this, on clicking the ‘Continue’ button, you will get an electronic verification code. You can verify your ITR by entering it.

With the help of ATM (offline mode) you can verify the ITR by generating the electronic verification code. Apart from this, verification can also be done through net banking and Digital Signature Certificate (DSC).

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