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E-Verification is a crucial step in the income tax return (ITR) process. It confirms that you've submitted your return to the tax department. Without e-Verification, your ITR is invalid. Fortunately, there are multiple online and offline methods to e-verify your return. This article will guide you through the process of e verification of income tax returns online.
E-Verification is the process of electronically confirming your income tax return. This step is mandatory to ensure the tax department recognises your return. It is similar to the online finance application. When you apply for instant cash loan on the Hero FinCorp loan app after calculating your Personal Loan EMIs online, the app e-verifies your application and the uploaded documents to approve the loan.
If you don't e-Verify within the specified time, your return will be invalidated, resulting in delays and potential penalties. There are several ways to e-verify your ITR. The most common online methods include using Aadhaar OTP, Digital Signature Certificate (DSC), or Electronic Verification Code (EVC). The offline method involves sending a signed physical copy of your ITR-V to the Centralised Processing Centre (CPC) in Bengaluru. Each method has its requirements and processes, so choose the one that suits you best.
E-Verification is a convenient and quick way to complete the ITR filing process. It eliminates the need to mail physical documents and allows you to receive instant confirmation of your submission. This is why many taxpayers prefer e-Verification over traditional methods.
To e-Verify your income tax return without logging into the e-filing portal, follow these steps:
Step 1: Visit the e-filing Website
To begin the e-verification process without logging into your account, open a web browser and visit the income tax e-filing website at https://www.incometax.gov.in/iec/foportal/. This portal allows you to access various tax-related services without requiring you to log in.
Step 2: Click "e-Verify Return" on the Home Page
On the e-filing portal's homepage, locate the "e-Verify Return" option. This feature enables you to e-Verify without entering your account details. Clicking this option will redirect you to a new page for the verification process.
Read Also- What is Income Tax Return (ITR)?
Step 3: Enter Required Details
On the e-Verify Return page, you need to enter specific information to identify your filed income tax return. This includes:
Step 4: Submit the OTP
Once you've entered the required details, click "Continue." The system will send a 6-digit OTP to the mobile number you provided. Enter this OTP within 15 minutes. If the OTP expires or is incorrect, you have three attempts to enter it correctly. If you need to resend the OTP, click the appropriate option.
Step 5: Condonation of Delay Request (If Applicable)
If verifying the return more than 30 days after filing, you must select a reason for the delay from a dropdown menu. Common reasons include, "ITR-V was sent earlier by post but not received by CPC" or "Not aware that the ITR-V sent to CPC was rejected for technical reasons." Select your reason and proceed.
Step 6: Select an e-Verification Mode
Choose your preferred e-Verification method. Options include Aadhaar OTP, Digital Signature Certificate (DSC), or Electronic Verification Code (EVC). Select the appropriate method and follow the on-screen instructions to complete the process.
Step 7: Receive Confirmation
After completing the e-Verification, you will receive a success message and a Transaction ID. This ID is important for future reference. Additionally, you'll get a confirmation email and SMS confirming that your return has been successfully e-Verified. This step is crucial as it ensures your return is valid and ready for further processing by the tax authorities.
Read Also- How to File ITR for Salaried Employees?
Here is the process of e-verifying your ITR after logging in to the income tax portal.
Here's how to e-Verify your ITR using Aadhaar OTP:
Here's how to e-Verify your ITR using DSC:
Here's how to e-Verify your ITR using EVC:
Here's how to e-Verify your ITR using net banking:
Here's how to e-Verify your ITR using a bank ATM:
Here’s how to e-Verify your ITR using your bank account number:
Here’s how to e-Verify your ITR using the demat account number:
To verify your income tax return offline:
Read Also- Penalty for Late Filing of Income Tax Return (ITR)
e-Verification is a crucial step in completing your income tax return process. It confirms that you've submitted your ITR to the tax department. If you don't e-Verify on time, your ITR may become invalid, leading to delays and penalties.
Like ITR, Hero FinCorp e-Verifies the online finance requests of its applicants, making the loan process quick, safe and efficient.
1. What if I don't e-Verify my return?
If you don't e-Verify within 30 days, your return becomes invalid, and you may face penalties or need to re-file.
2. Can I e-verify a return filed by my tax consultant?
Yes, you can e-Verify on ITR filed by your tax consultant.
3. Is e-verification mandatory for all taxpayers?
No, but it is the most convenient way to verify your return. You can also verify offline by mailing the ITR-V.
4. How long does it take for e-verification to reflect in the system?
E-verification is usually instant, but it might take some time to update the system.
5. How are indirect taxes collected?
Indirect taxes are collected by intermediaries such as manufacturers, suppliers, or service providers who add the tax amount to the selling price and pass it on to the consumer at the point of sale.
6. Is it mandatory to file itr for salaried person?
Yes, it is mandatory to file ITR for salaried person if their income exceeds the basic exemption limit. Filing ITR helps in claiming tax refunds and serves as proof of income.
Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the readers discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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