Form ITR-V, or the Income Tax Return-Verification Form, is a crucial document for taxpayers who file their Income Tax Returns (ITR) online without using a digital signature. This single-page form is sent via email by the Income Tax Department and can also be downloaded directly from the e-filing website. Completing the ITR process requires verification, which can be done either electronically or manually.
How to Download Your ITR-V Acknowledgment
- Visit the Income Tax India Website: Go to https://www.incometax.gov.in/iec/foportal/ and log in using your credentials.
- Navigate to Filed Returns: Select ‘e-File’ > ‘Income Tax Returns’ > ‘View Filed Returns’ to access your e-filed tax returns.
- Download ITR-V: Click on the ‘Download Form’ button for the relevant assessment year to get your ITR-V acknowledgment form.
Methods to e-Verify Your Income Tax Return
1. Verification via Aadhaar-Based OTP
Choose the option ‘Verify using OTP on the mobile number registered with Aadhaar’ on the ‘e-Verify’ page. A pop-up will appear where you need to agree to validate your Aadhaar details and click ‘Create Aadhaar OTP’. An SMS with a 6-digit OTP will be sent to your aadhar registered mobile number. Enter this OTP to complete the verification process. The Aadhar OTP is valid for 10 minutes only.
2. Verification via Net Banking
Select ‘Via Net Banking’ and click ‘Continue’ on the ‘e-Verify’ page. Choose your bank and follow the prompts to log in to your net banking account. Under the ‘Tax’ page, select the e-verify option to complete the process. Your return will be verified through the bank’s net banking platform.
3. Verification via Bank Account through EVC
Generate an Electronic Verification Code (EVC) through your pre-validated bank account. After selecting ‘Via Bank Account’ on the e-verify screen, an EVC will be sent to your mobile and email linked with the bank account. Enter this EVC to verify your ITR. The validity of the EVC is quite longer as compared to Aadhar based OTP, the EVC is valid for 72 hours once generated.
4. Verification via Demat Account
Choose ‘Via Demat Account’ and click ‘Continue’ on the e-verify page. An EVC will be sent to the mobile number and email associated with your Demat account. Enter the EVC to complete the verification process.
5. Verification via Bank ATM
If available through your bank, generate an EVC using your ATM card. Swipe your card at your bank’s ATM, enter your PIN, and select ‘Create EVC for Income Tax Filing’. The EVC will be sent to your registered mobile number and email. Go to the ‘e-verify returns’ tab, select ‘I already have an Electronic Verification Code (EVC)’, enter the code, and click ‘e-verify’.
Alternative Method: Manual Verification
Print, sign, and send the ITR-V form to CPC Bangalore within 30 days of e-filing. The form must be sent to:
Income Tax Department – CPC
Post Box No.1,
Electronic City Post Office,
Bangalore-560500, Karnataka.
How to Download Previous Years’ ITR
- Log In to the e-Filing Portal: Use your credentials to access the e-filing portal.
- Access Filed Returns: Click on the ‘e-File’ tab, select ‘Income Tax Returns’, and then ‘View Filed Returns’.
- Download ITR: Select the assessment year you wish to view and click ‘Download Form’. This will provide you with the ITR for that year, including details on its processing status, outstanding demands, or refunds.
By following these steps, you can efficiently manage your ITR-V and ensure your returns are filed and verified correctly.
Frequently Asked Questions
How do I open the ITR-V acknowledgement?
When you receive your ITR-V or acknowledgement in PDF/ZIP format via email, it will be password-protected. The password is typically a combination of your PAN number (in lowercase) and your Date of Birth in the format DD-MM-YY. This standard format is used for all documents shared by the Income Tax Department.
For example, if your PAN is AAAAA0000A and your Date of Birth is 10-12-2018, the password will be aaaaa0000a10122018.
What is the deadline for submitting the ITR-V for verification?
You must submit the ITR-V or complete e-verification within 30 days of filing your tax returns. This deadline has been shortened from the previous 90 days.
What happens if the ITR-V is not submitted on time?
If you fail to submit the ITR-V within 30 days of filing your tax returns, your return will be considered invalid and will not be processed further. It will be treated as if you had never filed the return. If you complete the e-verification after the 30-day period, the date of e-verification will be deemed the date of filing, and your return will be processed accordingly.
Can I verify my income tax return without submitting Form ITR-V?
Yes, you can verify your income tax return without submitting Form ITR-V. Verification can be done electronically using your email ID, phone number, PAN card, or Aadhaar card.
What is the difference between an ITR and an ITR-V acknowledgement?
The ITR (Income Tax Return) form includes detailed information about your income, deductions, and personal details. In contrast, the ITR-V is an acknowledgment copy that summarizes the return filed. If you choose to verify your return manually, you need to sign the ITR-V form and send it to the Central Processing Centre (CPC) in Bangalore within 30 days of filing your return.
What is the ITR-V acknowledgment form?
ITR-V is a document issued by the Income Tax Department when tax returns are filed but not yet verified. To complete the process, you either need to electronically verify your income tax return or sign the ITR-V form and mail it to the CPC in Bangalore.
