Filing your Income Tax Return (ITR) is just the first step in the tax process. To ensure your return is valid, you must electronically verify it within a specific timeframe, usually 30 days, as mandated by the Income Tax Department. Verification can be done via Aadhaar OTP, net banking, or by submitting a physical ITR-V form.
After filing your ITR, you must verify it for it to be considered valid. Verification is crucial because:
Online verification is the preferred method for many taxpayers due to its convenience and efficiency. Here are key reasons to choose online verification:
There are several online verification options available, each catering to different preferences:
Aadhaar OTP:
Electronic Verification Code (EVC):
The Central Board of Direct Taxes (CBDT) has revised the verification period from 120 days to 30 days from the date of return submission. This change emphasizes the importance of promptly verifying your ITR to avoid processing delays, penalties, or tax liabilities.
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Online ITR verification is a swift, secure, and efficient method to finalize your tax return. It ensures your return is valid and helps avoid any potential delays or penalties. To comply with the shortened 30-day deadline, prioritize online verification immediately after filing your ITR. Whether you use Aadhaar OTP, EVC, or net banking, ensure your details are ready to streamline the process.
Verifying your ITR promptly offers peace of mind and ensures a smooth processing phase. Don’t wait until the last minute—choose the verification method that suits you best and complete your ITR filing process seamlessly.
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