Understanding the Status of ‘Return Submitted and Not Verified’ for an ITR

When you file your Income Tax Return (ITR), it is a critical step in the process of tax compliance. However, the work does not end there. Once you have submitted your ITR, the next crucial task is to verify it, which is a necessary precondition for further steps such as processing refunds, if applicable. This article delves into the meaning of the ‘Return Submitted and Not Verified’ status and the importance of having your return verified within the given period.

What Happens When Your ITR is Submitted but Not Verified?

Every Income Tax Return must be verified by the taxpayer within 30 days of filing. If you fail to do this, the return may be deemed unfiled. In such cases, if the income declared exceeds a minimum threshold, the department can issue a notice under Section 148. This emphasizes the critical nature of timely verification.

What Constitutes Verification?

Verification can be done manually, through computer mode, or by e-verification. If your return has been submitted but not verified, it will show the status of ‘Return Submitted and Not Verified’. This status means that the Income Tax Department will not process your return or issue refunds until verification is complete.

How to Verify Your ITR

The easiest and fastest way to verify your INCOME TAX return is through e-verification, but you have the option to verify it manually or via your Aadhaar number. Let's explore each method in detail.

E-Verification via Net Banking

E-verification through net banking is the easiest and most convenient method. Follow the steps below:

Login to the Income Tax e-Filing website with your credentials. Select the ‘View Returns/Forms’ option to see e-filed tax returns. Look for the option ‘Click here to view your returns pending for e-verification’. Select the option ‘e-verify’. Choose the desired mode for generating an EVC (Electronic Verification Code). Enter the EVC code and submit. A confirmation message will be displayed with your transaction ID and EVC code. No further action is required.

E-Verification Using Aadhaar OTP

E-verification using Aadhaar OTP is another hassle-free method. Here are the steps:

Login to the Income Tax e-Filing website. Link your Aadhaar card to your PAN if not already linked. Upload your ITR. Select the option to generate Aadhaar OTP for e-verification. Enter the OTP received on your registered mobile number and submit. You will receive a message stating that your return has been successfully e-verified and an acknowledgement will be sent to your registered email.

What is ITR-V?

ITR-V is a one-page document that you need to sign in blue ink and send to the CPC Bangalore via ordinary post or speed post. It is a separate step from the verification process and is required for the processing of your tax refund.

Address for CPC Bangalore

You can use the following address for sending your ITR-V:

Post Bag No. 1,
Electronic City Post Office,
Bengaluru, Karnataka 560100, India.

Key Takeaways:

ITR must be verified within 30 days of filing to avoid complications. There are multiple methods of verification: net banking, Aadhaar OTP, and manual. ITR-V is a separate document required for tax refund processing which should be sent via post.

By ensuring your return is verified, you complete the necessary steps for compliance and ensure that any refunds you are due are processed promptly.