Aadhar Number is Mandatory for Filing Income Tax Returns (ITR)

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Aadhar Number is Mandatory for Filing Income Tax Returns (ITR)

The Government of India is planning to make Aadhaar Number mandatory for filing Income Tax Returns from next financial year. All bank accounts will be linked to the unique identity number by the end of this financial year. Aadhaar will also be mandatory for PDS (Public Distribution System).
Most probably all bank accounts will be seeded with Aadhaar number by March 31. For this, government officials are working on both fronts, relevant amendments are also happening in the Income Tax Act, 1961.
At the same time, Aadhaar based authentication of beneficiaries will be made mandatory for delivery of subsidized grain under Public Distribution System.
Once the ITR is filed, it has to be verified by the assessee, it is not considered as valid until it is verified by the taxpayer. As per existing process, a taxpayer can verify his/her return electronically or physically. Verification is being done by sending signed ITR – V to Centralized Processing Centre (CPC) in Bangalore.
If Individuals or HUFs file their return in form ITR-4 they are required to get their accounts audited also they have to compulsorily file their returns using digitally signed certificate. If the return is digitally signed, assessee does not need to verify the return.
There is option available to e-verify their respective returns at the time of uploading or after uploading as well. In case the return is already uploaded, taxpayers can e-verify the same by clicking on the option e-verify Return.

Modes of E-Verification

  • EVC (Electronic Verification Code) received on the registered mobile number and e-mail.
  • Electronic Verification Code is a 10 digit alphanumeric code which can be generated through e-Filing portal and is valid for 72 hours.
  • Aadhaar OTP.
  • Login to e-Filing through net banking.
  • Bank account based validation.
Physical / Paper Verification
Taxpayer can also verify his/ her return by sending the physical acknowledgment to CPC Bangalore.
Under this process, two options are displayed to the tax payers, options are-
  • I already have an EVC to e-verify my return. And,
  • I do not have an EVC, I would like to generate EVC to e-verify my return.
In first option, user sees a screen where he has to enter the pre-generated EVC in the given text box and click ‘Submit’ to e-verify. No further action is required.
And, in second option, the user can get the EVC on his registered email ID and mobile number. But this option is available only to those taxpayers whose total income is less than Rs. 5 lakh and there is no refund.
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