Wednesday 15 July 2015

PROCEDURE TO LINK AADHAAR CARD WITH INCOME TAX RETURN (ITR)

PROCEDURE TO LINK AADHAAR CARD WITH INCOME TAX RETURN (ITR)

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CBDT is doing something great to ease the taxpayer and to get relief from most of the paperwork during filing of income tax return. From Assessment Year 2015-16 Income tax department had given four options to verify your return instead of sending ITR V to Bengaluru through speed post or regular post.
In this post we will provide the procedure to link Aadhaar Card with PAN (Permanent Account Number) to sign the Income tax return during online filing of the same.
CBDT announced the procedure on 13 th July 2015.
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How to Link Aadhaar Card with PAN & Income tax Return?
First you have to prepare your Income Tax Return and submit the same with the Income tax department with the portal given on Income tax Efiling Website. After you submit the return the portal gives you four options to Verify the Income tax Return which are as follows:-
1. I already have an EVC and I would like to submit EVC.
2. I do not have EVC and I would like to generate EVC.
3. I would like to generate Aadhaar OTP to E-Verify my return.
4. I would like to E-Verify later/ I would like to send ITR V.
Then you have to select the third option to link Aadhaar card with income tax return to verify the same.
Then Taxpayer will get a one-time password on the number given during registration of Aadhaar card. Assesse has to write the same OTP on the screen and your return is now verified and you don’t need to send ITR V to the Bengaluru to verify the same.
If the assesse has not the Aadhaar card available with him/her then he/she can still send the physical copy of ITR V to Bengaluru via Regular Post or Speed Post. Courier and Registered post will not be entertained by the income tax department.
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How to E-Verify an already submitted/ uploaded return?
If you had already uploaded your return on the website but yet not sent the ITR V to the Income tax department at Bengaluru then you can still E-Verify the same on your return portal.
You just have to sign in through your PAN details and then go to the E file option before 120 days of submission of return. Then taxpayer will be required to choose between the 3 option given at this time which are as follows:-
1. I already have an EVC and I would like to submit EVC.
2. I do not have EVC and I would like to generate EVC.
3. I would like to generate Aadhaar OTP to E-Verify my return.
You just have to click on the option 3 and to do the same procedure as mentioned above. Once it get verified you need not to send ITR V to verify your return.
Thats all for Procedure to link Aadhaar Card with Income Tax Return (ITR). Keep Sharing.

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