Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Monday, July 13, 2015

No need to send ITR-V to CPC for Asst Year 15-16

Income tax department has given four options for e-Verification of return while uploading a return for Asst Year 2015-16 and has omitted the need for sending ITR –V to CPC. ITR –V for Asst Year 2015-16 is required to be sent to CPC only one opts for the same choosing option 4 and not verifying the same online.  Now the procedure for E Filing of return and E verification while uploading a return is declared today by the Income Tax Department and is detailed as under:

1 Upload Return à Click Submit

2 The Return is uploaded (Pending for e-Verification)

3 Four e-Verification options provided –

Taxpayer can choose any one of the options provided to e-Verify the return and there is no need to send ITR V to CPC. Taxpayer has to provide EVC and Download Ack.
Ø Option-1 à “Already have an EVC and Submit EVC”
                         Provide EVC and Submit -> Download Ack and no need to send to CPC

Ø Option-2 à “Do not have an EVC and Generate an EVC”
A)   Generate EVC through Net Banking or
B)   Generate EVC to Email ID along with Mobile
i)             Login to e-Filing Portal through NetBanking and verify
ii)            Enter the EVC sent to your registered Email Id / Mobile Number and
                        Submit to e-Verify return. Download Ack.

Ø Option-3 à “To generate Aadhaar OTP to e-Verify my return”

Enter the Aadhaar OTP sent to Mobile Number registered with
Aadhaar and Submit to e-Verify return. Download Ack
Ø Option-4 à “To e-Verify later/ To send ITR-V”

Click on Continue à Download ITR-V and Submit ITR-V to CPC after signatures as earlier or can verify later with any one of the options given above 1,2,3 

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