No ITR refund until you verify the Income Tax Return

No ITR refund until you verify it: Income Tax Return

Verify Income Tax Return: If you’ve been wondering why your income tax return (ITR) hasn’t been processed yet or why there has been a delay in receiving your tax refund, check to see if you have e-verified your ITR first. If you do not e-verify your ITR, the filing procedure becomes incomplete and your ITR becomes invalid.

“E-verification of ITRs is mandatory for it to be treated as valid. Effective August 2023, the income tax department has made it mandatory for tax filers to e-verify their returns within 30 days of filing returns,” said an expert.

Read Also: ITR Refund: When it will be received FY22-23

How to e-verify your ITR in Income Tax Portal?

Given below are the steps to e-verify the ITR on the Income Tax e-Filing Portal.

1. Visit the e-Filing portal

Login using user ID and password.

No ITR refund until you verify it: Income Tax Return

Read Also: Over 6.77 crore Income Tax Returns filed for FY22-23

2. e-Verify Return option

Click on e-File > Income Tax Return > e-Verify Return

No ITR refund until you verify it: Income Tax Return

3. Select the e-Verify option for the appropriate return

On the e-Verify Return page, click e-Verify against the unverified return

No ITR refund until you verify it: Income Tax Return

Read Also: Salaried may get Income tax notices for deductions FY23

4. Methods to Verify ITR

Choose one of the options explained below to e verify the ITR.

It is important to e verify the return in 30 days. The CBDT has reduced the time for verification of ITR from 120 days to 30 days with effect from 1st August 2022.

You can either complete the process of verification online by e-verification or by physically submitting the ITR-V to CPC, Bangalore. Given below are the methods one can use to complete the process of e-verification of ITR:

S.No Methods
b Generate Aadhaar OTP
c Existing Aadhaar OTP
d Existing EVC
e Generate EVC through Bank Account
f Generate EVC through Bank Account
g Net Banking
h Generate EVC through Bank ATM option (offline method)

5. Condonation Request

If you are e-Verifying the return after 30 days of filing, you will have to file a condonation request.

How to verify Income Tax Return using offline method?

While an offline verification can be done by printing and delivering a hard copy to the department’s Central Processing Centre in Bangalore, e-verification offers a far more efficient digital alternative.

Read Also: Income Tax Refund in 12 hours: ITR processing time reduced

Meanwhile, The Income-tax Department appreciates the taxpayers and tax professionals for making compliance’s in time, leading to a surge in filing of Income-tax Returns (ITRs), resulting in a new record of ITRs filed. The total number of ITRs for AY 2023-24 filed till 31st July, 2023 are more than 6.77 crore, which is 16.1% more than the total ITRs for AY 2022-23 (5.83 crore) filed till 31st July 2022.

The filing of ITRs peaked on 31st July, 2023 (due date for salaried taxpayers and other non-tax audit cases) with over 64.33 lakh ITRs being filed on a single day i.e. on 31st July, 2023. The e-filing portal also observed its highest per hour rate of 4,96,559 of ITR filing between 5 PM to 6 PM on 31st July, 2023, with highest per second rate of ITR filing of 486 (31-Jul-2023: 16:35:06) and highest per minute rate of ITR filing of 8,622 (31-Jul-2023: 17:54). The Department also received 53.67 lakh ITRs till 31st July, 2023 from first time filers, a fair indication of widening of tax base.

Read Also: HUF ITR Filing: 8.75 lakh HUFs claimed tax deductions in FY 2022-23
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