E-verify Income Tax Return

Income Tax
1

Why verify ITR?
The ITR filing process is not complete until your Income Tax Return is verified successfully. You have to verify your ITR within 30 days of filing the return.

The Income Tax Department processes the ITR and initiates the refund, only after it is verified successfully.

How can I verify my ITR?
e-Verification is the most convenient and instant way to verify your ITR. There are 6 different methods to verify your return electronically/online.

However, if you are unable to verify your ITR electronically, you can physically verify it by sending a signed copy of the ITR V to CPC, Bangalore.

How will I know that my e-Verification is complete?
In case you are e-Verifying your return:

  • A success message will be displayed along with a Transaction ID
  • An email will be sent to your email ID registered with the e-Filing portal

What if I don’t verify my ITR?
Without verification within the stipulated time, an ITR is treated as invalid and you may be liable to pay a late fee. If you don’t verify your ITR, your return is not processed and hence you will not receive any refund.

You can check the status of your ITR using this tool:

2

If I have filed a revised return, do I need to e-verify the original return or the previous return as well?

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Hi @Joe_Fernandes,

If you are filing a revised return, you can only verify the latest revised return. If the previous versions of revised returns or original return is not verified, it will ve deemed to be invalid and won’t be processed by the ITD.

e-verification using Aadhaar OTP is the most widely used and fastest method to verify your return.

4

Hi,
I had filed and e-verified my return in November 2021. I still haven’t received my refund and got the same email. Do I need to do anything? and how long until I get my refund?

5

Hey @Nihal,

In case you have successfully e-verified the return, you do not need to worry and can ignore the email.
Usually, the refund takes 6-9 weeks from the ITR being processed. However, it may vary based on the case-to-case basis.

You can track your refund using this tool

Hope this helps :slight_smile:

6

I e-verified after 120 days for FY 20-21. I submitted a condonation request and then e-verified. I can see the status as “Sucessfully e-Verified after due date. Your condonation request is forwarded for approval. This return will be invalid till approved.”

Will my condonation get approved?
How long does it take to get any response?
What will be the next step if it gets rejected?

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Hi @abhishek_ranjan

You can track you refund using this tool

8

Do I need to e-verify the ITR filed in response to defective return notice?

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hi @Archan434

No. There is no need to e-verify the ITR filed in response to defective return notice.

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@Sakshi_Shah1
@AkashJhaveri
@CA_Niyati_Mistry

As per the rule ITR filing is mandatory if the Income is more than the basic exemption limit .

Query :

What is the penalty if the ITR not filed ?

Since the Tax liability is zero .

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Hi @HIREiN

Income tax is mandatory in following cases:

  1. Income (before exemptions/deductions) exceeds basic exemption limit
  2. If you have foreign assets
  3. total deposits in current account > 1 crore
  4. expense on foreign travel > 2 lakh
  5. electricity charges > 1 lakh
  6. business sales > 60 lakh
  7. professional receipts >10 lakhs
  8. TDS/TCS > 25k (50k for senior citizen)
  9. deposits in savings account > 50 lakh

Incase ITR is not filed:

  • Losses incurred (such as house property loss, short term/long term capital loss, etc) cannot be carried forward.
  • Even if tax liability is zero, fees under section 234F may be applicable if ITR is filed after due date. See this article.
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12

(1) as you said : Income tax filing is mandatory in some cases …as you have mentioned above …
(2) Incase ITR is not filed : because : there are no loses incurred ; no taxable income etc ;
(3) you said : fees under section 234F may be applicable …

(4) BUT . : what if the taxable income is zero ?
because ; as you said : the quantum of the fees depends on the Taxable income of the taxpayer .
So , no fees ; no penalty ! right ?

===============================

so . even if : Income tax filing is mandatory in some cases ; if some one does not file the I.T. returns ; there is No harm in it !

am i right ?

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Yes. Then there is no requirement to file. And no question of any penalty.

You may receive a notice from the tax department asking you the reason why the return has not been filed. Many people who are not filing returns are facing this situation nowadays since all information regarding interest, rent, purchase/sale of securities, immovable properties, etc is being reported in AIS (Annual Information Statement).

Then you will have to spend a lot of time and effort to comply with details requested from such a notice. So to save your time too - you can plan and file your returns well in advance of the due date.

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