After you have filed income tax return for the FY 2017-18 (Assessment Year 2018-19), another step to the tax filing process is to verify it as without verification the ITR will be deemed invalid and will not be taken up for further processing.

The tax department has been constantly reminding taxpayers who have filed their tax return via the e-filing portal to verify their income tax returns. As per the current income tax rules, once the ITR has been filed, its verification has to be done within next 120 days. So if you fail to verify your return within 120 days, it will be considered that you have never filed your ITR.

Verification of the income tax return can be done either electronically using electronic verification code (EVC), one-time password (OTP) or physically by sending the signed ITR V copy i.e. a one-page income tax return acknowledgment document to the Income Tax Department – CPC, Post Box No-1, Electronic City Post Office, Bengaluru- 560100, Karnataka, India.

It is to be noted that the document signed in blue ink can be sent only via speed or ordinary post. You cannot courier the ITR-V.

And if you are among those who have sent the ITR-V copy to the tax department as part of the income tax return verification process, here are listed few steps following which you can know the status of its receipt by the department.

1. Visit income tax e-filing portal of the government of India.

2. Under the tab ‘Quick links’, click on income tax return status

3. Next, there will appear a new page wherein you need to enter details such as PAN, acknowledgement number of the return filed and captcha code.

4. Thereafter, the current status of your tax return will be reflected in the system.

So, to ensure that ITR-V has reached the CPC Bangalore office within 120 days from the date you have uploaded your ITR on the e-filing portal, you should keep checking the status of its receipt. 

Also as and when the Income-tax department receives the ITR-V, it acknowledges its receipt by sending an SMS or e-mail to the taxpayer concerned. For the processing of the return, intimation by the department will be sent at a later stage.

Source: Goodreturns


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