ITR Verification Process

ITR Verification Process

CBDT w.e.f from 01/08/2022 has reduced the time limit for ITR Verification from 120 days to 30 days. With this change its clear that GOI is discouraging the practice of sending ITR to Bangalore. There are lots of verification methods for ITR, the most popular is Aadhar OTP. Only those individuals or partners or karta can avail this verification method who has linked Aadhar and also whose contact is not updated in Aadhar Database. Other Method of Verification is through linking bank account number of selected banks or by net-banking or through Demat account. This means all verification is through an online method only. For Offline verification only two options are available i.e by sending ITR to Banglore or by going into the ATM of selected bank.

Sending ITR by post consumes a lot of resources of the Department and in this digital era, GOI wants to discourage paper method. To avoid genuine hardship to those people who have aadhar link issue or those who don’t have online banking facilities, the Government allows 30 days’ time frame.

Date of filing of ITR To be Verified within
On or before 31st july,2022 120 days from the filing of Return
On or after 1st August,2022 30 days from the filing of Return

What if one fails to verify return with in limited time:

If the ITR is not verified within the required number of days, then the return shall be deemed to be invalid. Accordingly, a new return is to be filed and late fees, interest as well as penalty will be charged.

So it is advisable to be ready with an Aadhar contact update or having a bank account with any of the given major nationalized banks and then only file ITR.

Author Bio: Name: CA Karan Singh
Qualification: CA in Practice Contact info: 8087397644
Company: Bashmakh & Co Location: Shill,Thane.

Disclaimer: This is meant purely for general education purpose. While the information is believed to be accurate to the best of my knowledge, I do not make any representations or warranties, express or implied, as to the accuracy or completeness of this information. Reader should conduct and rely upon their own examination and analysis. This note is not an offer, invitation, advice or solicitation of any kind. I accept no responsibility for any errors it may contain, whether caused by negligence or otherwise or for any loss, howsoever caused or sustained, by the person who relies upon it. This information provided is for intended recipient for knowledge and guidance purpose only.


No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *