Verification is the last step of return filing. It basically authenticates the return you have uploaded or the return your CA has uploaded on your behalf. You no longer have to send physically signed copies of the ITR V to the Central Processing Center (CPC) in Bangalore. Instead, you can verify your return online. Your return must be verified within 120 days of upload. The two most common ways of doing this are through Net Banking and Aadhaar OTP. You can also opt for verification through bank/demat account. Here is how these methods work:
You can verify your return through netbanking in the following manner. Login to the income tax website by going to incometaxindiaefiling.gov.in by entering your user ID and password. You can also directly login to the efiling website through your bank’s netbanking login.
Click on ‘View Returns’ and then select the option which says ‘click here to view returns pending for efiling.’ Click on generate EVC (Electronic Verification Code) through Netbanking.
The code will be sent to the mobile number linked with your bank account. If you use a security device for net banking, you can use the code generated on the same to verify your return.
Your Aadhaar number must be linked to your PAN number for this method to work. Login to the income tax website by going to incometaxindiaefiling.gov.in by entering your user ID and password. Click on ‘View Returns’ and then select the option which says ‘click here to view returns pending for efiling.’ Click on ‘generate Aadhaar OTP to eVerify my return.’ The OTP (one-time password) will be sent to the mobile number linked to your Aaadhaar number. Enter the OTP on the income tax website to verify the return.
Bank Account or Demat Account linked EVC
In this method, you have to update and ensure that your bank or demat account is registered on the income tax efiling website mentioned above. After logging into the efiling account, click on generate EVC through the bank account or generate EVC through the demat account. An OTP will be sent to the mobile number linked with the bank account/demat account. Enter the OTP on the efiling website to verify the return.
If the above methods do not work, you can always send signed physical copies of the ITR V to the CPC in Bangalore.