In order to completely eliminate the need of
sending the paper acknowledgement, called ITR-V through post to the I-T Central
Processing Centre (CPC) in Bengaluru, the
Income Tax Department today launched its ambitious One Time Password (OTP)
based e-filing verification system.
The facility can be accessed using internet
banking, Aadhaar number, ATM and email.
According to the rules notified in this regard by
the Central Board of Direct Taxes (CBDT) jyltoday, any taxpayer, whose income
is Rs. 5 lakh or below per annum and has no refund claims, he or she can
straightaway generate the 'Electronic Verification Code' (EVC) for e-filing and
validating their Income Tax Return (ITR) through their registered mobile number
and e-mail id with the department.
However, this most simplified option, will be
subject to certain "restrictions" which will be prepared by the
taxman based on the concerned taxpayer's "risk criteria and profile"
in a case-to-case basis.
"This simply means that if the department
has some adverse observation against the said PAN number with income less than
Rs. 5 lakh, he or she will not be allowed to do the verification directly
through their email and mobile number alone and such cases will have to go
through the other established procedures in this regard like linkup through
Aadhaar database, internet baking or via the ATM," a senior official
explained.
Once logged in on the banking portal, the
taxpayer will be sent the EVC to his mobile number provided in the official
e-filing web portal of the department which they will put in their ITR for
final submission.
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