Money Excel - Personal Finance Blog

Menu
  • Home
  • Business Ideas
  • Stock Market
  • Mutual Funds
  • Incometax
  • Credit Card
  • Insurance
  • Downloads
Home
Incometax
Validate your Income Tax return by Aadhar Card

Validate your Income Tax return by Aadhar Card

Raviraj Parekh June 21, 2020

aadhar card

Now you can validate your e-return using Aadhar Card. CBDT recently announced that income tax assesses filing income tax return online no longer require to submit paper acknowledgement by post. Aadhar based verification is enough to validate this document.

New column is introduced in ITR form for 2015-16 for Aadhar card. For online e-return filing assesses can provide Aadhar card which needs to be validated on official income tax site using OTP (one time password). You can download ITR form for 2015-16 from income tax website.

New process of validating Income tax return by aadhar card is given below.

Do not miss below posts -
  • Tax Saving Instrument Infographic
  • Income Tax Slab FY 2020-21 – Budget 2020-21 Review
  • Multiple Home loans can reduce Tax load
  • E-filer first needs to register his Aadhar Number in ITR.
  • System will check and instruct UIDAI database to send OTP to register mobile number of taxpayer.
  • Tax payer need to validate this OTP on e-filing website while filing return.

Also Read – Home loan HRA and your Taxes! 

Graphical representation of validation of Income tax return by Aadhar card is given below:-

aadhar card

This is new way to verify returns. This facility will be available on income tax site soon. Tax payer will be happy as they need not to do paper work for sending ITR acknowledgement to CPC Bangalore. As per current process tax payer need to send this acknowledgement by register post or speed post to CPC Bangalore within 120 days of filing tax return online. Elimination of paper work is very good move and it will ease entire process. It will also help tax payer by generating tax refund faster.

Also Read – 5 Best Tax Saving Options 

Tax payer always had apprehension that hard copy of ITR-V will be received at CPC or not. Although they are sending ITR –V by speed post or register post they often receive a message from CPC that ITR-V is not received. This step will not only help tax payer it will also help Income tax department  by removing non value adding activity of physical processing of Income Tax return.

Tweet
Share
Whatsapp
Pinterest
Prev Article
Next Article
Tags:aadhar card aadhar card file return e-return file income tax return validate e-return

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

Leave a Reply Cancel Reply

Search

Top Posts & Pages

  • Rakesh Jhunjhunwala Portfolio Holdings - April 2021
  • Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download
  • Cash Deposit Machine Locator – How to find CDM Near You?
  • 235 Small Business Ideas with Low Investment in 2021-22
  • 20 small manufacturing business ideas with low cost
  • 5 Penny Stocks that become Multibagger in 2021
  • How to check Property Records and Land Records online in India?
  • Download Income Tax Calculator FY 2021-22 (AY 2022-23)
  • 10 Best Small Trading Business Ideas
  • Top 5 Best Stock Screener for Indian Stock Market

Subscribe to Blog via Email

Join 5,482 other subscribers

Follow MoneyExcel

Money Excel – Personal Finance Blog

Personal Finance Blog
Copyright © 2021 Money Excel - Personal Finance Blog
| About |Downloads | Contact Us | Sitemap | Disclaimer | Privacy Policy |