Day: July 26, 2018

Can We Use ATM To E-Verify Income Tax Return Through Electronic Verification Code

Can We Use ATM To E-Verify Income Tax Return Through Electronic Verification Code

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To facilitate the tax-payers, Central Board of Direct Taxes (CBDT) through a notification has allowed the verification of Income Tax Returns for Assessment Year 2015-16 electronically through generating EVC (Electronic Verification Code). If the Income Tax Returns are verified electronically, there will be no need to post physical copy of ITR V to CPC (Central Processing Centre) Bengaluru. WHAT IS EVC EVC (Electronic Verification Code) comprise of a string of character in form of a locator number that gives a unique identification to electronic documents. It works like OTP (One Time Password). EVC would be unique for an assessee PAN and will not be valid for any other PAN at the time of filing Income Tax Return. EVC would verify the identity of the person (verifier) f