What is EVC : In simple words EVC code is alternative to ITR-V(verification) ,if you E verify your Income Tax return ,then no need to send ITR-V to CPC Bengluru office. The Electronic Verification Code (EVC) would verify the identity of the person furnishing the return of income through e-Filing.
Explanation to sub rule (3) of Rule 12 of the Income tax Rules 1962, states that for the purposes of this sub rule “Electronic Verification Code” means a code generated for the purpose of electronic verification of the person furnishing the return of income as per the data structure and standards specified by Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems).
Methods of EVC :
- Generate EVC Directly through E filing site in one click ,However this method can be used only by persons having Income up to Five lakh and having no refund due.
- Generate OTP after Linking Aadhaar card at e filing site.
- Generate EVC through Net banking
- Generate EVC through ATM
Who can Use EVC :The EVC can be used by a Verifier being an Individual to verify his Income Tax Return or that of an HUF of which he is the Karta in Income Tax Return Form 1, 2, 2A, 3, 4 or 4S or the Income Tax Return Form filed in ITR 5 or 7 of any person in accordance with Section 140 of the Income Tax Act 1961.
In this post we will show the process how you can e verify you Income Tax return through net banking.
Step-1: After uploading of your Income tax return select the following message
“I do not have an EVC and I would like to generate EVC to e Verify my return”
Taxpayer once clicks on “I do not have an EVC and I would like to generate EVC to e-Verify my return” the below screen is displayed
Note: “If the Taxpayer's Total Income is greater than 5 lakhs or if there is refund, Taxpayers are provided with only one option “EVC – Through Net Banking”
Step-2 : Click on “EVC – through Net Banking”
Click on “Continue”, Taxpayer is logged out of e-Filing and will be redirected to the list of banks available for NetBanking Login.
Step-3 :Login to e-Filing through Net Banking through available bank list.
List of Banks through Which you can Login at Incometaxindiaefiling.gov.in
Step-4 :Go to e-file menu->E-verify return :List of returns pending for e verification will be shown.
Step-5:Click on e -verify Link ,following message will be shown .
Step-6 :Confirm to e-Verify by clicking on Continue button. Success message will be displayed.
No further action is required.No need to send ITR-V to CPC ,Bengluru.