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Is it necessary to e-verify ITR?
ITR-V is a comprehensive summary of the tax return that you file. You can either download it from the Income Tax Department’s official e-filing portal of the Income Tax Department or the Income Tax Department of India sends the ITR-V which helps in validating the legitimacy of your IT Return.
Why is it important to verify your ITR?
It is mandatory to verify your IT Return after completing the e-filing process otherwise, your tax return can be labelled invalid by the Income Tax Department. Earlier, it was mandatory to send a physical copy of the ITR-V, duly signed, to the Income Tax Department within 120 days of e-filing your IT Return. However, now, it is possible to e-verify your Income Tax Return with just a few clicks.
If, for whatever reason, you miss the deadline to submit your ITR-V, i.e. 120 days from the date of filing your Income Tax Return, your IT Return may be considered as null and void. The IT Department might think that you have not filed your tax return and may send you a notice to suggest the same. If that’s the case, then, you will have to file a revised return after which you will have to file ITR-V again within 120 days of filing the revised return.
How to download a copy of ITR-V?
Let’s take a look at how you can download and file your ITR-V with the Income Tax Department using the official e-filing portal: -
- Go to the Income Tax Department’s official e-filing portal and log in using your credentials.
- Select ‘View Returns/ Forms’ option to view e-filed ITRs.
- Click on the acknowledgement number to download your Income Tax Return-Verification. There is an option to e-verify your ITR as well.
- To verify your IT Return online, select the option ‘Click here to view your returns pending for verification’.
- Select ITR-V/ Acknowledgement to start the download.
- After the download is complete, enter the password to view the document. The password will your PAN (Permanent Account Number) in lowercase followed by your date of birth.
- Take a print-out of the document in BLACK ink, sign it in BLUE ink and send it to the Centralised Processing Centre (CPC) of the Income Tax Department in Bengaluru within 120 days of e-filing the Income Tax Return.
