ITR-V form means ‘Income Tax Return-Verification’ Form. It is a one-page document which gets generated if an Income Tax Return (ITR) is filed without a digital signature. The Income Tax Department forwards ITR-V forms to taxpayers through email. Taxpayers can also obtain a copy from the income tax e-filing portal.
The process of filing an income tax return is not complete without verification of the ITR and it must be done either manually by dispatching signed ITR-V acknowledgement (signed in ‘blue ink’) to Income Tax Department CPC, Bangalore, or there are a few online options as well.
How to Download the ITR-V Acknowledgement Steps
Step 1: Go to the official Income Tax e-Filing portal at: www.incometax.gov.in and login using your credentials.
Step 2: Locate the option ‘e-File’ > ‘Income Tax Returns’ > ‘View Filed Returns’ to check the filed returns.
Step 3: Click the ‘Download Form’ button corresponding to the requisite assessment year to download the ITR-V form.
After downloading, the acknowledgment form will be in PDF format. Please note that The ITR-V is a password protected file. The password consists of the user’s PAN in small letter and date of birth in DDMMYYYY format.
5 Methods to e-Verify Your Income Tax Returns
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Aadhaar Based OTP
- Choose “I would like to verify using OTP on the mobile number registered with Aadhaar” and click “Continue” in the e-Verify screen.
- A pop-up will come up; tick the box consenting to validate Aadhaar particulars and click the “Create Aadhaar OTP” button.
- Confirm your return by inputting the 6-digit OTP sent to your registered mobile number.
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Netbanking
- Select ‘Via Net Banking’ and click ‘Continue’.
- Choose your bank from the list and proceed. A disclaimer will come up, click on Continue.
- You will be taken to the Income Tax e-filing to e-verify your ITR.
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Bank Account
- To verify using a bank account, your bank account needs to be pre-validated.
- Select “Via Bank Account” and click “Continue”.
- An Electronic Verification Code (EVC) will be created and dispatched to your registered mobile number and email.
- By inputting the EVC, you will be able to complete the e-verification process.
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Demat Account
- This process follows the same procedure as bank account verification.
- Choose ‘Via Demat Account,’ an EVC will now be dispatched to your registered mobile number and email.
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Bank ATM
- An EVC can be created using your bank ATM for select banks such as Axis Bank, ICICI Bank, SBI and others.
- To begin, swipe your ATM card, type in your PIN, and tap on ‘Create EVC for Income Tax Filing’.
- The generated EVC will be sent to your registered mobile number and email.
- Submit the EVC on the efiling portal and your ITR will be verified.
How to Submit ITR-V Manually to CPC Bangalore
In the case the ITR cannot be e-verified, the taxpayer is supposed to send a physically signed copy of the ITR V acknowledgment to CPC Bangalore. This is how it’s done:
- Print the ITR V form sent via email as an attachment or you may download it from the e-filing portal.
- You must sign the form in blue ink and put this into a A4 size envelope. Each envelope must contain only one ITR V form.
- This envelope must be sent within thirty days of e-filing via ordinary post or speed post (not via courier) to this address:
Income Tax Department – CPC Post Box No. 1Electronic City Post Office Bangalore – 560500 Karnataka.
How to Download Previous Years’ ITR
Step 1: E bolt on the income tax e-filing portal.
Step 2: Go to ‘e-file’ > ‘income tax returns’ > ‘view filed returns’.
Step 3: You will see all filed ITRs and their processing status along with them.
Step 4: Choose the relevant assessment year and click on ‘Download Form’.
By checking the downloaded file, you can find out the processing status of the ITR as well as any outstanding tax demands or refunds.
These steps will enable you to verify your ITR as well as download it, remain compliant with tax regulations.
For expert tax assistance and seamless compliance, Saptax Hub LLP is the best Tax Consultant in Delhi to guide you through the process.
