The time limit for E-verification of income tax returns (ITR) has been reduced from 120 days to 30 days with effect from August 1 2022. A notification was issued by the income tax department on 29 July lowering the time limit

What is E-verification

The ITR filing process is complete once it is e-verified or physical copy is send , and if it is not done within the stipulated period, then the ITR will be considered invalid.

A taxpayer can either E-verify their return or submit a signed ITR-V after filing an Income Tax Return (ITR). Until now, the period given for e-verifying the ITR or sending a signed ITR-V through the post was 120 days from the date of filing the ITR.

How to do E-verification

Taxpayer can E-verify your ITR in several ways. Income tax return can be e-verified using any of the following ways:

• OTP on mobile number registered with Aadhaar
• Digital Signature Certificate (DSC)
• EVC generated through Net banking
• EVC generated through Bank account
• EVC generated through Net banking

How to send physical copy of ITR-V

For those taxpayers who wish to submit hard copies of the ITR-V,  can send their duly signed  ITR-V by Speed Post to Centralized Processing Centre, Income Tax Department, Bengaluru-560500, Karnataka.

For the purpose of determining the 30 days period from the date of transmitting the electronic Income Tax Return, the date of dispatch of speed post of duly verified ITR-V will be taken into account.

Time-limit for taxpayers who filed their return prior to 1st August,2022

The change will only apply to returns filed after the notification became effective, i.e. August 1, 2022. All taxpayers who filed their returns prior to August 1 2022 will get a 120-day time limit for e-verification or hard copy submission of ITR V.