ITR Filing Becomes Invalid if you do this mistake:

ITR Filing Becomes Invalid if you do this mistake Income Tax Return (ITR) is an important form that must be filed by individuals and businesses to report their income, expenses, tax deductions, and tax payments to the government. Since the ITR season is ongoing, over 2 crore ITRs have been filed, out of which over 1 crore returns have been processed. The deadline for filing the ITR has been extended from July 31 to now September 15.

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Filing your ITR is an important responsibility for every taxpayer. But just submitting the form online is not enough. To complete the filing process, you must also e-verify your ITR within the specified time. If you do not verify it in time, the return will be considered invalid.

Time Limit for E-Verification of ITR

Taxpayers can e-verify their return within 30 days from the date of filing the ITR.

What if You Don't E-Verify ITR Within 30 Days

If the Return is uploaded within the due date but the e-verified ITR is submitted after 30 days from uploading the ITR, then the date on which the ITR has been e-verified will be considered as the date of filing the ITR. The penalties and consequences of filing a return late will be applicable in such a case. The 30-day time limit starts from the date your ITR-V is received and verified by the CPC (Centralised Processing Centre). If you upload your ITR but do not verify it within 30 days, the return will be considered invalid.

Ways to E-Verify your Return

The ITR can be e-verified using different ways:

• OTP sent to your Aadhaar-linked mobile number.
• Digital Signature Certificate (DSC)
• Electronic Verification Code (EVC) generated through your pre-validated bank account
• EVC generated through your pre-validated demat account
• EVC via ATM
• Net Banking

Also Read

Section 54F: Exemption on Capital Gain From Sale of Property Other Than Residential House

Where to Send ITR-V

The verified ITR-V can be sent in by ordinary or speed post or any other mode to the following address: Centralised Processing Centre, Income Tax Department, Bengaluru - 560500, Karnataka