Tax payers can now verify their e-ITRs through bank account-based validation system if they don’t have Aadhaar number or internet banking facility as part of the government’s measure to enhance the pa
Tax payers can now verify their e-ITRs through bank account-based validation system if they don’t have Aadhaar number or internet banking facility as part of the government’s measure to enhance the paperless regime of filing the annual IT returns.
Currently people who have income of over Rs 5 lakh need to e-file their income-tax return. Previously tax payers had to send through post signed printout of the IT return (ITR-5) to Centralised Processing Centre in Bengaluru for verification if they didn’t have Digital Signature Certificate.
Then in order to facilitate the tax payers, income-tax allowed them to verify returns online through their Aadhaar number or internet banking facility. Those who verified their returns through Aadhaar number or internet banking facility need not send signed copy to CPC Bengaluru.
Now tax payers can do the same by providing their banks details like account number, Indian Financial System Code (IFSC), email address and mobile phone number. These details will then be validated against the details with the bank. Electronic Verification Code (EVC) will be sent by the e-filing portal to tax payers email ID and mobile number, which he or she can use to e-verify the return. “Now, EVC can be generated by prevalidating your bank account on the e-filing website,” the income tax department said in a public advisory. It said Punjab National Bank is the first bank to do so and others are also “expected to launch this facility”.
