Verifying Income Tax Returns Through Online Banking: A Comprehensive Guide

For individuals in India who need to verify their income tax returns, using online banking to generate the Electronic Verification Code (EVC) is a convenient and secure option. This guide will walk you through the process from start to finish, ensuring you can efficiently complete the necessary steps.

Overview of the Process

The verification of income tax returns through online banking involves logging into the official IncomeTaxIndiaE-Filing portal, selecting the appropriate income tax return forms, and generating an EVC using net banking. Once the EVC is generated, it must be selected and submitted on the IncomeTaxIndiaE-Filing site to complete the verification process.

Step-by-Step Guide

Step 1: Log In to IncomeTaxIndiaE-Filing Website

Begin by visiting the official IncomeTaxIndiaE-Filing website and logging in with your credentials. This ensures that you have access to the e-verification functionality. Optionally, you can also verify the authenticity of the site by looking for security badges or signatures.

Step 2: Navigate to the Dashboard

Once you are logged in, navigate to the dashboard. From here, you will see a list of options to manage your tax returns. Look for the section that lists your returns and any that are pending for e-verification.

Step 3: View and Select the Incorrect Return

Identify the particular income tax return that needs to be e-verified. Click on the 'click here to view your returns pending for e-verification' link if you are prompted with multiple returns. The system will list all ITRs that are pending for e-verification, allowing you to select the specific form that requires verification.

Step 4: Select the Option to Generate an EVC

On the selected return form, you may see a message indicating that you do not have an EVC and that you would like to generate one now. Click on this option to proceed. This must be done if any information was missed in previous fiscal years.

Step 5: Choose Net Banking as the EVC Generation Method

From the options for generating the EVC, select the net banking method. This will direct you to your bank's login page. Log in to your bank account and proceed with the e-verification process.

Step 6: Complete the EVC Generation

After successfully logging in, your bank will generate the EVC and send it back to the IncomeTaxIndiaE-Filing portal. You will be redirected back to the IncomeTaxIndiaE-Filing site.

Step 7: E-Verify the Return

Once you are back on the IncomeTaxIndiaE-Filing site, select the EVC you generated from your net banking session. Click the 'e-verify' button to finalize the verification process. The system will confirm that your return has been successfully verified.

Frequently Asked Questions (FAQs)

Here are some common questions regarding the e-verification process through net banking:

Is e-verification compulsory for all income tax returns?
Yes, e-verification is a regulatory requirement for all income tax return submissions in India. How do I know if my return is pending for e-verification?
Check the dashboard on the IncomeTaxIndiaE-Filing portal for any pending e-verification requests. Can I complete the e-verification process if I have lost my EVC?
No, you will need to generate a new EVC through the net banking method or visit a tax office for assistance. What should I do if I face any issues during the e-verification process?
Refer to the official IncomeTaxIndiaE-Filing portal for troubleshooting tips or contact your bank for assistance.

Conclusion

E-verification of income tax returns using net banking is a straightforward process that can be completed online. By following these steps, you can ensure that your income tax returns are verified correctly and efficiently. Remember to always use secure methods and verify the legitimacy of the website to avoid any fraudulent activities.

Keywords

e-verification, income tax, net banking