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How to e-Verify Your Income Tax Return PowerPoint Presentation

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How to e-Verify Your Income Tax Return Presentation Transcript

Slide 1 - How to e-Verify Your Income Tax Return Digital Verification or e-Verification is a process through which you can verify your Income Tax Return (ITR) online without the need to send a physical copy of your ITR-V to the Income Tax Department. Here are the steps to e-Verify your Income Tax Return: Login to the Income Tax e-filing portal (https://filemydoc.com/) using your PAN, password, and date of birth/ date of incorporation. After logging in, click on the 'View Returns/Forms' option from the dashboard and select the 'Income Tax Returns' option from the drop-down menu. Choose the relevant Assessment Year for which you want to verify your return and click on the 'Ack No.' or 'Status' button to view the details of your ITR. If your ITR has not been verified yet, you will see a 'Click here to e-Verify' option. Click on it. You will be redirected to the e-Verification page where you can choose one of the following methods to verify your ITR: Aadhaar OTP: If your Aadhaar is linked with your PAN and your mobile number is registered with Aadhaar, you can choose this option to generate an OTP and verify your ITR. Net Banking: If your bank account is linked with your PAN, you can use the net banking facility of your bank to verify your ITR. Bank Account Number: If you do not have net banking facility, you can choose this option and provide your bank account number and IFSC code to verify your ITR. Demat Account Number: If you have a Demat account, you can choose this option and provide your Demat account number to verify your ITR. Pre-Validated Bank Account: If you have pre-validated your bank account on the e-filing portal, you can choose this option to verify your ITR. Once you select the verification method, click on the 'Generate OTP' or 'Login' button as applicable and complete the verification process. After successful verification, you will see a success message on the screen and your ITR will be considered verified. Note: It is important to e-Verify your ITR within 120 days of filing your return to avoid any penalties or consequences. Frequently Asked Questions Sure, here are some frequently asked questions about Income Tax Returns: What is an Income Tax Return (ITR)? An Income Tax Return is a form that a taxpayer files with the Income Tax Department every year to report their income, deductions, and tax liabilities for the financial year. For More Details Visit Here : https://filemydoc.com/
Slide 2 - Who needs to file an Income Tax Return (ITR)? Any person whose total income during the financial year exceeds the basic exemption limit specified by the Income Tax Department is required to file an Income Tax Return. What is the due date for filing an Income Tax Return (ITR)? The due date for filing an Income Tax Return (ITR) varies depending on the type of taxpayer and their income. For individuals, the due date is usually 31st July of the assessment year. What are the different types of Income Tax Returns (ITRs)? There are different types of Income Tax Returns (ITRs) based on the type of taxpayer and their income. The most common types of ITRs are ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. Can I file my Income Tax Return (ITR) online? Yes, you can file your Income Tax Return (ITR) online through the Income Tax Department's e-filing portal. What is e-Verification of Income Tax Return? E-Verification is a process through which you can verify your Income Tax Return (ITR) online without the need to send a physical copy of your ITR-V to the Income Tax Department. What are the consequences of not filing an Income Tax Return (ITR)? Not filing an Income Tax Return (ITR) can lead to penalties, interest, and even prosecution in some cases. It can also affect your ability to obtain loans or visas in the future. How long do I need to keep my Income Tax Return (ITR) records? It is recommended to keep your Income Tax Return (ITR) records for at least seven years from the end of the financial year for which the return was filed. For More Details Visit Here : https://filemydoc.com/
 

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