Filing your Income Tax Return (ITR) is just the first step. After you finish your ITR filing, you need to verify it to complete the process. If you don’t verify your return, the Income Tax Department will not consider it valid.
In this article, we’ll explain the different methods of ITR verification, the important deadlines, and some common errors you should avoid.
Why is ITR Verification Important?
After filing, you must verify your ITR within 30 days. If you don’t verify on time, your return will be treated as invalid, and you may face penalties or have to file a belated return with penalties.
How to e-verify Your ITR?
You can verify your return either online (e-verify) or offline (physical submission).
1. Aadhaar OTP
- Quickest and most common method.
- Requires your Aadhaar to be linked with PAN and a registered mobile number.
- You’ll receive an OTP on your Aadhaar-linked number to complete verification.
2. Net Banking
- Log in to your bank’s net banking portal.
- Select the “e-verify” option and complete the process directly.
3. Bank Account / Demat Account
- Pre-validate your bank or Demat account on the income tax portal.
- Use the OTP sent to your registered number for verification.
4. Digital Signature Certificate (DSC)
- Mandatory for companies and audit cases.
- Requires a registered DSC on the portal.
5. Offline Verification (ITR-V)
- Download ITR-V, sign it, and send it via post to CPC, Bengaluru.
- Takes more time compared to e-verification.
Common Errors to Avoid While e-verifying ITR
- Missing the deadline: You must e-verify your ITR within 30 days of filing your return.
- Unlinked Aadhaar and PAN: Without linking, the Aadhaar OTP won’t work.
- Incorrect contact details: Ensure your mobile/email are updated in the records.
- Not pre-validating bank account: Needed for refunds and bank OTP verification.
Haven’t Filed Yet? File with Tax2win Easily
If you haven’t filed your ITR yet, you can file it easily with Tax2win. At Tax2win, we understand that filing your ITR can be daunting. That’s why we offer a range of services to make the process as smooth as possible:
DIY ITR Filing
Our user-friendly platform allows you to file your taxes independently. Tax2win’s smart, AI-integrated software automatically selects the applicable ITR form for you. With step-by-step guidance and automated calculations, you can file your ITR accurately in less than 4 minutes.
CA-Assisted ITR Filing
For those who prefer expert help, our CA-assisted ITR filing service connects you with skilled Chartered Accountants. They manage everything from documentation to filing, ensuring high accuracy and compliance. Contact our tax experts to boost your tax savings.
Why Tax2win?
With over ten years of experience, Tax2win has built the trust of more than 1 million users, as shown by our strong 4.8-star rating. Here’s what makes us different:
Expertise: Our team of CAs and tax professionals keeps up with the latest tax laws and regulations.
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Security: We focus on data security, keeping your information safe and private.
Authorization: Tax2win is authorized by the Income Tax Department of India.
Act Now and File Your ITR with Tax2win
Don’t wait until the last minute. Take control of your tax filing today with Tax2win. Our comprehensive services are designed to save you time, reduce stress, and ensure you keep more of what you earn.
File your ITR with Tax2win now and enjoy a hassle-free tax filing experience!
