<p>The process of filing income tax returns gets completed when your ITR-V (income tax return – verification) is verified. The ITR-V is a document that the income tax department sends taxpayers after they have filed their income tax returns. This document has to be downloaded and verified. <br /><br /></p>.<p>But sometimes it happens that the taxpayer is not able to verify his or her ITR-V. Your ITR-V can be rejected by the tax department for a number of reasons. Let’s take a look at the different ways to e-verify your ITR-V and how to avoid getting a rejection.<br /><br /> Physical verification of ITR-V: Taxpayers can verify their ITR-V by downloading a copy from their email or from their income tax department website account. This physical copy of the ITR-V has to be signed and sent to the income tax department office in Bengaluru.<br /><br />Poor quality<br /><br />The tax department will reject your physical ITR-V if your signature is missing on it or if the copy is in poor quality. Here, poor quality means that the ITR-V copy is in a condition that makes it difficult for the department to read the entered details. <br /><br />This could happen if the ITR-V copy gets torn, crumpled or wet. So make sure that the physical copy is properly signed and reaches CPC, Bengaluru, in mint condition. Also make sure that the ITR-V is printed in A4 sheets only. Furthermore, taxpayers have to ensure that the ITR-V reaches CPC within 120 days of filing their income tax returns. Late submission of ITR-V can also lead to rejection.<br /><br /> Electronic verification of ITR-V: The ITR-V can also be verified electronically. E-verification can be done by any of the following methods:<br /><br /> By using your netbanking account<br /> By generating an electronic verification code (EVC)<br /> By using your Aadhaar card to generate an EVC<br /> By using your bank account details<br /> By using pre-validation facility of certain banks<br /> By using your demat account<br /><br />E-verification by using a EVC has to be done within 72 hours of generating the code as the code expires after 72 hours. The only problem you can face while e-verifying ITR-V is in receiving the verification code if your email address or phone number is entered incorrectly. <br /><br />In either case, when your ITR-V gets rejected, you will have to try to get it verified again or in some cases, taxpayers might have to file revised returns. <br /><br />But all of this fuss can be easily avoided if you ensure that the ITR-V is properly verified either physically or electronically.<br /><em><br />(The writer is Founder and CEO of ClearTax.com)</em></p>
<p>The process of filing income tax returns gets completed when your ITR-V (income tax return – verification) is verified. The ITR-V is a document that the income tax department sends taxpayers after they have filed their income tax returns. This document has to be downloaded and verified. <br /><br /></p>.<p>But sometimes it happens that the taxpayer is not able to verify his or her ITR-V. Your ITR-V can be rejected by the tax department for a number of reasons. Let’s take a look at the different ways to e-verify your ITR-V and how to avoid getting a rejection.<br /><br /> Physical verification of ITR-V: Taxpayers can verify their ITR-V by downloading a copy from their email or from their income tax department website account. This physical copy of the ITR-V has to be signed and sent to the income tax department office in Bengaluru.<br /><br />Poor quality<br /><br />The tax department will reject your physical ITR-V if your signature is missing on it or if the copy is in poor quality. Here, poor quality means that the ITR-V copy is in a condition that makes it difficult for the department to read the entered details. <br /><br />This could happen if the ITR-V copy gets torn, crumpled or wet. So make sure that the physical copy is properly signed and reaches CPC, Bengaluru, in mint condition. Also make sure that the ITR-V is printed in A4 sheets only. Furthermore, taxpayers have to ensure that the ITR-V reaches CPC within 120 days of filing their income tax returns. Late submission of ITR-V can also lead to rejection.<br /><br /> Electronic verification of ITR-V: The ITR-V can also be verified electronically. E-verification can be done by any of the following methods:<br /><br /> By using your netbanking account<br /> By generating an electronic verification code (EVC)<br /> By using your Aadhaar card to generate an EVC<br /> By using your bank account details<br /> By using pre-validation facility of certain banks<br /> By using your demat account<br /><br />E-verification by using a EVC has to be done within 72 hours of generating the code as the code expires after 72 hours. The only problem you can face while e-verifying ITR-V is in receiving the verification code if your email address or phone number is entered incorrectly. <br /><br />In either case, when your ITR-V gets rejected, you will have to try to get it verified again or in some cases, taxpayers might have to file revised returns. <br /><br />But all of this fuss can be easily avoided if you ensure that the ITR-V is properly verified either physically or electronically.<br /><em><br />(The writer is Founder and CEO of ClearTax.com)</em></p>