After ITR Filing, E-Verification is must to avoid Potential Penalties

New Delhi: Filing your Income Tax Return (ITR) is a pivotal step towards fulfilling your tax obligations, but completing the e-verification process is equally vital.

Neglecting this last step can render your ITR incomplete, subsequently inviting penalties.

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Income Tax Department’s Warning to Taxpayers

Remember, the process of e-filing doesn’t conclude with the submission of your ITR. It’s imperative to promptly initiate the e-verification process to validate your ITR.

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The Income Tax Department has taken a stringent stance on this matter, underscoring that a pending e-verification renders your ITR unverified, thus incomplete.

E-Verify Your ITR to Ensure Completion

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While the deadline for filing income tax for the assessment year 2023-24 was initially set at July 31, 2023, taxpayers now have an extended opportunity to file late ITR with a penalty until December 31, 2023.

 Secure Your ITR Filing to Prevent Unwanted Fines

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The Income Tax Department’s advice is straightforward: complete the e-filing process without delay. Failure to do so could result in late fees, as stipulated in the provisions of the Income Tax Act, 1961.

The objective of e-verification is to authenticate the accuracy of your filed ITR, ensuring its integrity and compliance with regulations.

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Final Step of Your ITR Filing and Dodge Possible Fines

To carry out the e-verification process, access the “e-verify return” option on the e-filing portal. Furnish details such as your PAN, assessment year (2023-24), and acknowledgment number.

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Alternatively, you can log in using your PAN and password. Navigating to “My Account” and selecting “E-Verify Return” will take you to the relevant page.

Here, you’ll find the filed return awaiting verification. Completing the process typically involves an OTP sent to your Aadhaar-linked mobile number, certifying your ITR’s legitimacy.

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The e-verification process is more than a formality – it’s a critical step towards ensuring the validity of your ITR filing.

By adhering to this requirement, you safeguard your financial interests while steering clear of avoidable penalties.

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