Aadhaar will help do away with sending I-T verification form after e-filing
Tax Dept working on complete profilingof each tax payer
If you have given your Aadhaar number while filing your income tax returns, then you don’t need to submit the Income Tax Return – Verification (ITR V) form.
The Central Board of Direct Taxes (CBDT) Chairperson Anita Kapur said that Aadhaar record has all the biometric including signature, so verification can be done on the basis of the unique identity number and filing will be completed.
Sharing with the media the strategies adopted by CBDT to go paperless and make the system hassle-free for the individual tax payers, she said that refund will not be delayed.
“If the Aadhaar number and your PAN number match, then on your mobile, we will send you OTP (one-time password). So, once you upload your return instead of going and printing ITR V printout, there will be icon showing where you need to put the OTP and validate the return,” she said while adding that the OTP life is likely to be for 24 hours. However, one can make another request for OTP if the first one has lapsed.
At present, digital signature is a must for filing corporate tax returns, but not for individual income tax payer. Such electronic signature can be procured from the Government agency and it has a validity of 2-3 years. This is one of the main reasons why individuals prefer to dispatch ITR V by speedpost or courier.
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Tax Dept working on complete profilingof each tax payer
If you have given your Aadhaar number while filing your income tax returns, then you don’t need to submit the Income Tax Return – Verification (ITR V) form.
The Central Board of Direct Taxes (CBDT) Chairperson Anita Kapur said that Aadhaar record has all the biometric including signature, so verification can be done on the basis of the unique identity number and filing will be completed.
Sharing with the media the strategies adopted by CBDT to go paperless and make the system hassle-free for the individual tax payers, she said that refund will not be delayed.
“If the Aadhaar number and your PAN number match, then on your mobile, we will send you OTP (one-time password). So, once you upload your return instead of going and printing ITR V printout, there will be icon showing where you need to put the OTP and validate the return,” she said while adding that the OTP life is likely to be for 24 hours. However, one can make another request for OTP if the first one has lapsed.
At present, digital signature is a must for filing corporate tax returns, but not for individual income tax payer. Such electronic signature can be procured from the Government agency and it has a validity of 2-3 years. This is one of the main reasons why individuals prefer to dispatch ITR V by speedpost or courier.
CSGAURAV +919990694230
[email protected] https://www.facebook.com/gauravdelhiravpage
Subscribe to CS GAURAV SHARMA by Email
