Filing your taxes is an important duty of every earning citizen of India. Although there are multiple forms involved in the entire process of income tax payment, in this article we will focus on ITR-V.
ITR-V stands for Income Tax Return Verification. The Income Tax Department of India has created this for taxpayers to verify the legitimacy of their e-filing. If you are a taxpayer who files their taxes without a digital signature, you will be required to download ITR-V. The ITR-V acts as an acknowledgement slip which can be used by a taxpayer for verification purposes.
It is very easy and simple to download your ITR-V. You can download it online from the official website of the Income Tax Department, Government of India from the comfort of your home and office.
You can follow these steps below:
Now that you have the document, simply print and sign the document and mail it to the Central Processing Centre Bengaluru within 120 days from the date of e-filing. The address of CPC Bengaluru is Centralized Processing Center, Income Tax Department, Bengaluru - 560500.
Note: The ITR-V is a single page document, which you need to sign in BLUE INK and send via ordinary post or speed post. You cannot courier the ITR-V.
If you do not want to e-verify, you do not have to send the physical ITV-R as mentioned above. EVC stands for Electronic Verification Code. It helps you e-verify your ITR-V.
Is it necessary to verify my returns?
Yes, it is mandatory for you to verify your ITR. Verification is required to complete the process of ITR filing.
What is Section 140(a)?
As per Section 140(a), an ITR can be verified by an individual taxpayer or any other person authorised under Section 140(a). This is applicable in the following conditions:
Can I use my Aadhaar for e-verification?
Yes, you can use your 12-digit unique Aadhaar number for e-verification. This can only happen if you link your Aadhaar with PAN and your registered mobile number.