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ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
Filing income tax returns is a crucial responsibility for every taxpayer. After filing your return, it is essential to e-verify it to complete the process successfully. E-verification ensures that your ITR is officially accepted by the Income Tax Department and eliminates the need for the physical submission of verification documents.
In this article, we will guide you through the process of e-verifying your ITR using different methods. Whether you are a salaried individual, a self-employed professional, or a business owner, understanding how to e-verify your ITR is essential to comply with tax regulations and avoid any complications.
E-verifying your ITR is a vital step in the income tax filing process. It ensures the authenticity and validity of your return, and it is mandatory for the return to be considered officially filed by the Income Tax Department. Here are some key reasons why e-verification is important:
There are several methods available to e-verify your ITR. Let’s explore each method in detail:
E-Verify with Aadhaar OTP is of vital importance in various domains. It enhances identity verification by ensuring efficient and reliable processes. Aadhaar, issued by the Indian government, serves as a robust tool for digital authentication.
E-Verify using Aadhaar OTP streamlines and secures verification, preventing identity fraud and unauthorized access. It promotes transparency, trust, and accountability in transactions.
E-Verify ITR (Income Tax Return) using Net Banking is a convenient and secure process for verifying tax returns. By integrating E-Verify with Net Banking, taxpayers can authenticate their ITR electronically, ensuring a hassle-free experience.
With this approach, individuals can verify their tax returns without the need for physical documents or manual verification procedures. The use of Net Banking adds an extra layer of security, leveraging the robust security measures provided by banking platforms.
This method offers several key benefits that streamline and enhance the authentication process. By eliminating the need for physical document submission, it saves valuable time and reduces errors. The use of a secure electronic verification code adds an extra layer of protection against fraud and ensures the integrity of tax returns.
E-verifing your ITR using a Demat Accounts provide an additional layer of security. They are equipped with robust safeguards and encryption measures, ensuring the confidentiality and integrity of sensitive financial information. This enhances trust and mitigates the risk of fraudulent activities.
Moreover, E-Verify ITR using Demat Accounts promotes efficiency and transparency. The integration of these accounts streamlines the verification process, making it convenient for taxpayers and enabling tax authorities to track and audit the process effectively.
E-Verify ITR using Bank Accounts promotes efficiency and convenience. Bank accounts act as a central hub for financial transactions, providing taxpayers with a comprehensive view of their income, investments, and expenses. This simplifies the tax filing process and enables accurate reporting of financial data, ensuring compliance with tax regulations.
E-Verify ITR using ATMs offers a transformative solution for tax verification, combining electronic verification with the accessibility and security of ATMs. By leveraging this innovative approach, taxpayers can experience a streamlined, secure, and inclusive tax filing process. The integration of ATMs simplifies verification, enhances security, and promotes accessibility.
The integration of registered email for E-Verify ITR enables a digital trail of communication. This aids in auditing and tracking the verification process, enhancing transparency and accountability in the tax system. It also provides a verifiable record of communication between taxpayers and tax authorities.
E-Verify ITR using registered phone numbers promotes efficiency and convenience. The integration of registered phone numbers for E-Verify ITR enhances communication and ensures prompt notifications. Taxpayers can receive updates, reminders, and alerts related to the verification process directly on their registered phone number, keeping them informed and engaged throughout the process.
Here are step-by-step processes for each of the above-mentioned ways to E-verify ITR.
E-verifying your ITR using Aadhaar OTP is a simple and convenient method. Here’s a step-by-step guide:
E-verifying your ITR using Net Banking is another convenient option. Here’s how you can do it:
Using an Electronic Verification Code (EVC) to e-verify your ITR is a widely used method. Follow these steps:
If you have a Demat Account, you can e-verify your ITR using this method. Follow these steps:
If you prefer to use your Bank Account for e-verification, here’s what you need to do:
The bank will authenticate your identity and prompt you to confirm the e-verification.
If you have access to an ATM, you can conveniently e-verify your ITR by following these steps:
If you prefer using your registered email for e-verification, follow these steps:
If you prefer using your registered mobile number for e-verification, follow these steps:
E-Verify ITR (Income Tax Return) is an essential process that verifies the authenticity and accuracy of tax returns filed by individuals and businesses. It is a crucial step in ensuring compliance with tax regulations and maintaining the integrity of the tax system. By completing the E-Verify ITR process, taxpayers demonstrate their commitment to fulfilling their tax obligations and contribute to a transparent and accountable taxation system.
1
Yes, you can e-verify your ITR even after the due date. However, it is advisable to file and e-verify your ITR within the stipulated due date to avoid any penalties or interest charges.
2
E-verification is mandatory for certain taxpayers, such as those whose total income exceeds a specified threshold or those claiming tax refunds. However, it is recommended for all taxpayers to e-verify their ITR for a smooth and hassle-free filing process.
3
If you fail to e-verify your ITR within the specified time, it will be considered as an invalid submission. You may receive a notice from the Income Tax Department, asking you to provide the necessary verification.
4
No, e-verification should be done by the taxpayer themselves. It cannot be done on behalf of someone else.
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
Pay 10,000/month for 10 years, Get 1,65,805/Year* for next 15 years.
ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
