Thursday, July 16, 2015

E-filing of I.T return made truly paperless : No need to send ITR V

E-filing is more convenient now. No more signing of ITR V or sending to Bengaluru. Department, as committed earlier developed a unique electronic verification process. Except the corporate assessees, everybody can make use of it.

Those who have taxable income Rs 5 Lac and below and no refund claim, can generate the verification code instantly through efiling website of the department.

But other assessees (Income above Rs 5Lac or with refund claim) can also generate the verification code either through net banking facility or through AAdhar authenticating system.

The Electronic Verification Code is a ten digit alpha numeric code.
The old system of sending ITR V will also exist as before.

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