SlideShare a Scribd company logo
1 of 9
JULY, 2015
Electronic Verification Code
Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited.
Contents and material, non-public,
confidential and proprietary. Unauthorized
distribution or dissemination prohibited.
Electronic Verification Code
What is an Electronic
Verification Code (EVC)?
A 10 digit alpha-numeric
code which can be
generated by one or more
of 4 different ways by
eligible taxpayers to
validate their income tax
return.
Upon successful validation
of the EVC, the taxpayer
shall not be required to
send the signed ITR-V form
to CPC, Bangalore.
EVC is an environment friendly method of validation of return. H&R Block
recommends use of EVC.
Net Banking
Account
ATM
Aadhaar
Card Number
OTP (Low
Risk Cases)
Contents and material, non-public,
confidential and proprietary. Unauthorized
distribution or dissemination prohibited.
How to generate an EVC?
4 OPTIONS
If you cannot use any of the option above to validate your return, then you are
required to send the signed copy of Form ITR V to the Income Tax
Department’s Centralized Processing Centre in Bangalore by ordinary post or
speed post.
Taxpayer logs into
his online banking
account
Clicks the link to
the ITD’s portal
(Single Sign-On)
Requests for
generation of a
verification code
Receives the code
on his mobile
number
Submits the code
on the ITD’s portal
Contents and material, non-public,
confidential and proprietary. Unauthorized
distribution or dissemination prohibited.
EVC with Net Banking Account
• The bank should be enlisted by the ITD. All major Indian banks such as HDFC
Bank, ICICI Bank, Axis Bank, SBI, Kotak Bank, etc. are enlisted.
• If the account is jointly held, the taxpayer should be the primary account holder.
• The verification code shall be sent to the number registered on the ITD’s portal.
• Taxpayers should first update their mobile number on the ITD’s website before
generating the EVC
• The verification code shall be valid for 72 hours.
ITD = Income Tax Department
Taxpayer swipes his
ATM card*
Option to generate
a verification code
will flash
Requests for
generation of a
verification code
Receives the code
on his mobile
number
Submits the code
from his account on
the ITD’s portal
Contents and material, non-public,
confidential and proprietary. Unauthorized
distribution or dissemination prohibited.
EVC with ATM
* The bank should be enlisted by the ITD. All major Indian banks such as HDFC
Bank, ICICI Bank, Axis Bank, SBI, Kotak Bank, etc. are enlisted.
• The verification code shall be sent to the number registered on the ITD’s portal.
• The verification code shall be valid for 72 hours.
Taxpayer sends a
seeding request
from his account on
the ITD’s portal
Name, PAN, DOB,
Gender, etc. are
shared with the UIDAI
by ITD for validation
Upon successful
validation, an OTP/EVC
is generated
Taxpayer receives
the OTP/EVC on his
mobile number
Submits the code from
his account on the
ITD’s portal
Contents and material, non-public,
confidential and proprietary. Unauthorized
distribution or dissemination prohibited.
EVC with Aadhaar Number
• The OTP/EVC shall be sent to the mobile number registered with UIDAI.
• The OTP/EVC shall be valid for 10 minutes.
Taxpayer sends a
request for an OTP
from his account on
the e-filing portal
Receives the code on
his mobile number
Submits the code
from his account on
the ITD’s portal
Contents and material, non-public,
confidential and proprietary. Unauthorized
distribution or dissemination prohibited.
EVC by direct OTP from ITD
• Applicable only to low risk taxpayers - i) Income less than Rs. 5 Lakh, and ii) no
refund
• The verification code shall be sent to the number registered on the ITD’s portal.
• The OTP shall be valid for 72 hours.
If an EVC is lost or expired, a new EVC can be regenerated.
A separate EVC is to be generated and validated for each return e-filed. For every
return e-filed, the EVC should be generated & validated within 120 days of e-filing.
If the taxpayer does not have the password to his account on the income tax
department’s portal, the net banking account method would be most suitable to him.
He can log into his account on the ITD’s portal by using the net banking acount.
Only in Aadhaar based EVC, the EVC is sent to the mobile number linked to the
Aadhaar card. In all other cases, the EVC is sent to the mobile number registered on
the tax payer’s account with the ITD’s e-filing portal.
It is important to update the mobile number in the account on ITD’s portal before
sending the request for the EVC.
Contents and material, non-public,
confidential and proprietary. Unauthorized
distribution or dissemination prohibited.
Other important points
For any queries regarding EVC, contact H&R
Block @ evc@hrblock.in
Contents and material, non-public,
confidential and proprietary. Unauthorized
distribution or dissemination prohibited.
Thank you

More Related Content

What's hot

Ie code registration in chennai converted
Ie code registration in chennai convertedIe code registration in chennai converted
Ie code registration in chennai convertedSolubilis
 
Ie code registration in chennai
Ie code registration in chennaiIe code registration in chennai
Ie code registration in chennaiSolubilis
 
PROCESS OF GETTING CNIC - Women in Election - Pakistan
PROCESS OF GETTING CNIC - Women in Election - PakistanPROCESS OF GETTING CNIC - Women in Election - Pakistan
PROCESS OF GETTING CNIC - Women in Election - PakistanCPDI
 
4. Accept Payments Using Paytm
4. Accept Payments Using Paytm4. Accept Payments Using Paytm
4. Accept Payments Using PaytmPaytm
 
All You Need to Know About E-Way Bill!
All You Need to Know About E-Way Bill!All You Need to Know About E-Way Bill!
All You Need to Know About E-Way Bill!Rajender Kapoor
 
Home Remittance Main Presentation
Home Remittance Main PresentationHome Remittance Main Presentation
Home Remittance Main PresentationAsad Hameed
 
Import export code in Jaipur-Khanna & Associates
Import export code in Jaipur-Khanna & AssociatesImport export code in Jaipur-Khanna & Associates
Import export code in Jaipur-Khanna & AssociatesKhanna Asssociates
 
Register Import export code
 Register Import export code Register Import export code
Register Import export codeLegal Raasta
 
New online appointment_booking_process
New online appointment_booking_processNew online appointment_booking_process
New online appointment_booking_processGopal Chowdhury
 
Career after bca
Career after bcaCareer after bca
Career after bcaabh999
 
DYA Training Manual Final
DYA Training Manual FinalDYA Training Manual Final
DYA Training Manual FinalPhilip Anyanwu
 
How a foreigner can apply for new pan card online
How a foreigner can apply for new pan card onlineHow a foreigner can apply for new pan card online
How a foreigner can apply for new pan card onlineServices 2 NRI
 

What's hot (18)

Pan
PanPan
Pan
 
Ie code registration in chennai converted
Ie code registration in chennai convertedIe code registration in chennai converted
Ie code registration in chennai converted
 
Ie code registration in chennai
Ie code registration in chennaiIe code registration in chennai
Ie code registration in chennai
 
PROCESS OF GETTING CNIC - Women in Election - Pakistan
PROCESS OF GETTING CNIC - Women in Election - PakistanPROCESS OF GETTING CNIC - Women in Election - Pakistan
PROCESS OF GETTING CNIC - Women in Election - Pakistan
 
WeBOC: Unit 1
WeBOC: Unit 1WeBOC: Unit 1
WeBOC: Unit 1
 
How to apply for Aadhaar Card
How to apply for Aadhaar CardHow to apply for Aadhaar Card
How to apply for Aadhaar Card
 
4. Accept Payments Using Paytm
4. Accept Payments Using Paytm4. Accept Payments Using Paytm
4. Accept Payments Using Paytm
 
All You Need to Know About E-Way Bill!
All You Need to Know About E-Way Bill!All You Need to Know About E-Way Bill!
All You Need to Know About E-Way Bill!
 
Home Remittance Main Presentation
Home Remittance Main PresentationHome Remittance Main Presentation
Home Remittance Main Presentation
 
Import export code in Jaipur-Khanna & Associates
Import export code in Jaipur-Khanna & AssociatesImport export code in Jaipur-Khanna & Associates
Import export code in Jaipur-Khanna & Associates
 
Kyc circular
Kyc circularKyc circular
Kyc circular
 
Register Import export code
 Register Import export code Register Import export code
Register Import export code
 
New online appointment_booking_process
New online appointment_booking_processNew online appointment_booking_process
New online appointment_booking_process
 
Career after bca
Career after bcaCareer after bca
Career after bca
 
DYA Training Manual Final
DYA Training Manual FinalDYA Training Manual Final
DYA Training Manual Final
 
How a foreigner can apply for new pan card online
How a foreigner can apply for new pan card onlineHow a foreigner can apply for new pan card online
How a foreigner can apply for new pan card online
 
Pan Demistyfied
Pan DemistyfiedPan Demistyfied
Pan Demistyfied
 
Cbec gst- eco system 13042017
Cbec gst- eco system 13042017Cbec gst- eco system 13042017
Cbec gst- eco system 13042017
 

Viewers also liked

Recent changes in income tax forms & efiling
Recent changes in income tax forms & efilingRecent changes in income tax forms & efiling
Recent changes in income tax forms & efilingNimesh Dedhia
 
How to eFile Income Tax Returns in India
How to eFile Income Tax Returns in IndiaHow to eFile Income Tax Returns in India
How to eFile Income Tax Returns in IndiaeLagaan India
 
How to File Income Tax Return
How to File Income Tax ReturnHow to File Income Tax Return
How to File Income Tax ReturnChaireturn.com
 
Income tax return assessment year 2014 15
Income tax return assessment year 2014 15Income tax return assessment year 2014 15
Income tax return assessment year 2014 15thesanyamjain
 
E-Filing of Income Tax Returns
E-Filing of Income Tax ReturnsE-Filing of Income Tax Returns
E-Filing of Income Tax Returnssandesh mundra
 
E Filing Presentations : Income Tax India
E Filing Presentations : Income Tax IndiaE Filing Presentations : Income Tax India
E Filing Presentations : Income Tax IndiaRanjeet Kumar
 
E filing of income tax returns & tax audit reports for A.Y. 2013-14
E filing of income tax returns & tax audit reports for A.Y. 2013-14E filing of income tax returns & tax audit reports for A.Y. 2013-14
E filing of income tax returns & tax audit reports for A.Y. 2013-14Ameet Patel
 

Viewers also liked (8)

Recent changes in income tax forms & efiling
Recent changes in income tax forms & efilingRecent changes in income tax forms & efiling
Recent changes in income tax forms & efiling
 
FORM 16
FORM 16FORM 16
FORM 16
 
How to eFile Income Tax Returns in India
How to eFile Income Tax Returns in IndiaHow to eFile Income Tax Returns in India
How to eFile Income Tax Returns in India
 
How to File Income Tax Return
How to File Income Tax ReturnHow to File Income Tax Return
How to File Income Tax Return
 
Income tax return assessment year 2014 15
Income tax return assessment year 2014 15Income tax return assessment year 2014 15
Income tax return assessment year 2014 15
 
E-Filing of Income Tax Returns
E-Filing of Income Tax ReturnsE-Filing of Income Tax Returns
E-Filing of Income Tax Returns
 
E Filing Presentations : Income Tax India
E Filing Presentations : Income Tax IndiaE Filing Presentations : Income Tax India
E Filing Presentations : Income Tax India
 
E filing of income tax returns & tax audit reports for A.Y. 2013-14
E filing of income tax returns & tax audit reports for A.Y. 2013-14E filing of income tax returns & tax audit reports for A.Y. 2013-14
E filing of income tax returns & tax audit reports for A.Y. 2013-14
 

Similar to What you should know about EVC of Tax Return?

e filing of Income Tax Return
e filing of Income Tax Returne filing of Income Tax Return
e filing of Income Tax ReturnKapil Rangdal
 
e filing of Income Tax Return
e filing of Income Tax Returne filing of Income Tax Return
e filing of Income Tax ReturnKapil Rangdal
 
Presentation_on_Know_Your_Demat_Account (1).pptx
Presentation_on_Know_Your_Demat_Account (1).pptxPresentation_on_Know_Your_Demat_Account (1).pptx
Presentation_on_Know_Your_Demat_Account (1).pptxANUP468452
 
Digital Signature Certificate, Mumbai
Digital Signature Certificate, MumbaiDigital Signature Certificate, Mumbai
Digital Signature Certificate, MumbaiIec Mumbai
 
E banking of axis bank
E banking of axis bankE banking of axis bank
E banking of axis bankSitaram Saini
 
Practical Guide on Electronic Verification Code (EVC)
Practical Guide on Electronic Verification Code (EVC)Practical Guide on Electronic Verification Code (EVC)
Practical Guide on Electronic Verification Code (EVC)DK Bholusaria
 
efile-ITR-NEW.pdf
efile-ITR-NEW.pdfefile-ITR-NEW.pdf
efile-ITR-NEW.pdfHahJaag
 
Towards cashless economy
Towards cashless economyTowards cashless economy
Towards cashless economyJithin Parakka
 
Bdo online banking for img
Bdo online banking for imgBdo online banking for img
Bdo online banking for imgSheila Ganzan
 
E-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealth
E-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealthE-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealth
E-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealthAcademy Tax4wealth
 
Income Tax Calender 2021 (ITD) : NOTES
Income Tax Calender 2021 (ITD) : NOTESIncome Tax Calender 2021 (ITD) : NOTES
Income Tax Calender 2021 (ITD) : NOTESSubhajit Sahu
 
Optitax's updated sop on e way bill 30 jan 2018
Optitax's updated sop on e way bill 30 jan 2018Optitax's updated sop on e way bill 30 jan 2018
Optitax's updated sop on e way bill 30 jan 2018Nilesh Mahajan
 
Import export Code Registration
Import export Code RegistrationImport export Code Registration
Import export Code RegistrationLegal Raasta
 
REGISTRATION PROCESS OF CSC AND OTHER FILE
REGISTRATION PROCESS OF CSC AND OTHER FILEREGISTRATION PROCESS OF CSC AND OTHER FILE
REGISTRATION PROCESS OF CSC AND OTHER FILESANDEEPJOSHI36
 
Introduction to securities markets
Introduction to securities marketsIntroduction to securities markets
Introduction to securities marketsCA CS Umang Ratani
 

Similar to What you should know about EVC of Tax Return? (20)

e filing of Income Tax Return
e filing of Income Tax Returne filing of Income Tax Return
e filing of Income Tax Return
 
e filing of Income Tax Return
e filing of Income Tax Returne filing of Income Tax Return
e filing of Income Tax Return
 
Presentation_on_Know_Your_Demat_Account (1).pptx
Presentation_on_Know_Your_Demat_Account (1).pptxPresentation_on_Know_Your_Demat_Account (1).pptx
Presentation_on_Know_Your_Demat_Account (1).pptx
 
Digital Signature Certificate, Mumbai
Digital Signature Certificate, MumbaiDigital Signature Certificate, Mumbai
Digital Signature Certificate, Mumbai
 
Digital Payment Terms Simplified
Digital Payment Terms SimplifiedDigital Payment Terms Simplified
Digital Payment Terms Simplified
 
E banking of axis bank
E banking of axis bankE banking of axis bank
E banking of axis bank
 
Practical Guide on Electronic Verification Code (EVC)
Practical Guide on Electronic Verification Code (EVC)Practical Guide on Electronic Verification Code (EVC)
Practical Guide on Electronic Verification Code (EVC)
 
efile-ITR-NEW.pdf
efile-ITR-NEW.pdfefile-ITR-NEW.pdf
efile-ITR-NEW.pdf
 
Towards cashless economy
Towards cashless economyTowards cashless economy
Towards cashless economy
 
Combined usage guide (1)
Combined usage guide (1)Combined usage guide (1)
Combined usage guide (1)
 
IEC Code Consultants India
IEC Code Consultants IndiaIEC Code Consultants India
IEC Code Consultants India
 
Bdo online banking for img
Bdo online banking for imgBdo online banking for img
Bdo online banking for img
 
E-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealth
E-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealthE-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealth
E-Invoicing: A Complete Guide to India & GST System | Academy Tax4wealth
 
Income Tax Calender 2021 (ITD) : NOTES
Income Tax Calender 2021 (ITD) : NOTESIncome Tax Calender 2021 (ITD) : NOTES
Income Tax Calender 2021 (ITD) : NOTES
 
IRCTC MANUAL.pptx
IRCTC MANUAL.pptxIRCTC MANUAL.pptx
IRCTC MANUAL.pptx
 
Optitax's updated sop on e way bill 30 jan 2018
Optitax's updated sop on e way bill 30 jan 2018Optitax's updated sop on e way bill 30 jan 2018
Optitax's updated sop on e way bill 30 jan 2018
 
Import export Code Registration
Import export Code RegistrationImport export Code Registration
Import export Code Registration
 
REGISTRATION PROCESS OF CSC AND OTHER FILE
REGISTRATION PROCESS OF CSC AND OTHER FILEREGISTRATION PROCESS OF CSC AND OTHER FILE
REGISTRATION PROCESS OF CSC AND OTHER FILE
 
Introduction to securities markets
Introduction to securities marketsIntroduction to securities markets
Introduction to securities markets
 
Din ppt
Din ppt Din ppt
Din ppt
 

Recently uploaded

Banking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxBanking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxANTHONYAKINYOSOYE1
 
The AES Investment Code - the go-to counsel for the most well-informed, wise...
The AES Investment Code -  the go-to counsel for the most well-informed, wise...The AES Investment Code -  the go-to counsel for the most well-informed, wise...
The AES Investment Code - the go-to counsel for the most well-informed, wise...AES International
 
PMFBY , Pradhan Mantri Fasal bima yojna
PMFBY , Pradhan Mantri  Fasal bima yojnaPMFBY , Pradhan Mantri  Fasal bima yojna
PMFBY , Pradhan Mantri Fasal bima yojnaDharmendra Kumar
 
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...Amil baba
 
Liquidity Decisions in Financial management
Liquidity Decisions in Financial managementLiquidity Decisions in Financial management
Liquidity Decisions in Financial managementshrutisingh143670
 
Global Economic Outlook, 2024 - Scholaride Consulting
Global Economic Outlook, 2024 - Scholaride ConsultingGlobal Economic Outlook, 2024 - Scholaride Consulting
Global Economic Outlook, 2024 - Scholaride Consultingswastiknandyofficial
 
2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptx2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptxHenry Tapper
 
Introduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptxIntroduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptxDrRkurinjiMalarkurin
 
Role of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxRole of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxNarayaniTripathi2
 
INTERNATIONAL TRADE INSTITUTIONS[6].pptx
INTERNATIONAL TRADE INSTITUTIONS[6].pptxINTERNATIONAL TRADE INSTITUTIONS[6].pptx
INTERNATIONAL TRADE INSTITUTIONS[6].pptxaymenkhalfallah23
 
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...amilabibi1
 
Guard Your Investments- Corporate Defaults Alarm.pdf
Guard Your Investments- Corporate Defaults Alarm.pdfGuard Your Investments- Corporate Defaults Alarm.pdf
Guard Your Investments- Corporate Defaults Alarm.pdfJasper Colin
 
Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024Money Forward
 
Stock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfStock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfMichael Silva
 
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Amil baba
 
10 QuickBooks Tips 2024 - Globus Finanza.pdf
10 QuickBooks Tips 2024 - Globus Finanza.pdf10 QuickBooks Tips 2024 - Globus Finanza.pdf
10 QuickBooks Tips 2024 - Globus Finanza.pdfglobusfinanza
 
2024 Q1 Crypto Industry Report | CoinGecko
2024 Q1 Crypto Industry Report | CoinGecko2024 Q1 Crypto Industry Report | CoinGecko
2024 Q1 Crypto Industry Report | CoinGeckoCoinGecko
 
Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Devarsh Vakil
 
Unveiling Business Expansion Trends in 2024
Unveiling Business Expansion Trends in 2024Unveiling Business Expansion Trends in 2024
Unveiling Business Expansion Trends in 2024Champak Jhagmag
 
NO1 Certified Amil Baba In Lahore Kala Jadu In Lahore Best Amil In Lahore Ami...
NO1 Certified Amil Baba In Lahore Kala Jadu In Lahore Best Amil In Lahore Ami...NO1 Certified Amil Baba In Lahore Kala Jadu In Lahore Best Amil In Lahore Ami...
NO1 Certified Amil Baba In Lahore Kala Jadu In Lahore Best Amil In Lahore Ami...Amil baba
 

Recently uploaded (20)

Banking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxBanking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptx
 
The AES Investment Code - the go-to counsel for the most well-informed, wise...
The AES Investment Code -  the go-to counsel for the most well-informed, wise...The AES Investment Code -  the go-to counsel for the most well-informed, wise...
The AES Investment Code - the go-to counsel for the most well-informed, wise...
 
PMFBY , Pradhan Mantri Fasal bima yojna
PMFBY , Pradhan Mantri  Fasal bima yojnaPMFBY , Pradhan Mantri  Fasal bima yojna
PMFBY , Pradhan Mantri Fasal bima yojna
 
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
 
Liquidity Decisions in Financial management
Liquidity Decisions in Financial managementLiquidity Decisions in Financial management
Liquidity Decisions in Financial management
 
Global Economic Outlook, 2024 - Scholaride Consulting
Global Economic Outlook, 2024 - Scholaride ConsultingGlobal Economic Outlook, 2024 - Scholaride Consulting
Global Economic Outlook, 2024 - Scholaride Consulting
 
2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptx2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptx
 
Introduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptxIntroduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptx
 
Role of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxRole of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptx
 
INTERNATIONAL TRADE INSTITUTIONS[6].pptx
INTERNATIONAL TRADE INSTITUTIONS[6].pptxINTERNATIONAL TRADE INSTITUTIONS[6].pptx
INTERNATIONAL TRADE INSTITUTIONS[6].pptx
 
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
 
Guard Your Investments- Corporate Defaults Alarm.pdf
Guard Your Investments- Corporate Defaults Alarm.pdfGuard Your Investments- Corporate Defaults Alarm.pdf
Guard Your Investments- Corporate Defaults Alarm.pdf
 
Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024
 
Stock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfStock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdf
 
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
10 QuickBooks Tips 2024 - Globus Finanza.pdf
10 QuickBooks Tips 2024 - Globus Finanza.pdf10 QuickBooks Tips 2024 - Globus Finanza.pdf
10 QuickBooks Tips 2024 - Globus Finanza.pdf
 
2024 Q1 Crypto Industry Report | CoinGecko
2024 Q1 Crypto Industry Report | CoinGecko2024 Q1 Crypto Industry Report | CoinGecko
2024 Q1 Crypto Industry Report | CoinGecko
 
Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024
 
Unveiling Business Expansion Trends in 2024
Unveiling Business Expansion Trends in 2024Unveiling Business Expansion Trends in 2024
Unveiling Business Expansion Trends in 2024
 
NO1 Certified Amil Baba In Lahore Kala Jadu In Lahore Best Amil In Lahore Ami...
NO1 Certified Amil Baba In Lahore Kala Jadu In Lahore Best Amil In Lahore Ami...NO1 Certified Amil Baba In Lahore Kala Jadu In Lahore Best Amil In Lahore Ami...
NO1 Certified Amil Baba In Lahore Kala Jadu In Lahore Best Amil In Lahore Ami...
 

What you should know about EVC of Tax Return?

  • 1. JULY, 2015 Electronic Verification Code Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited.
  • 2. Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited. Electronic Verification Code What is an Electronic Verification Code (EVC)? A 10 digit alpha-numeric code which can be generated by one or more of 4 different ways by eligible taxpayers to validate their income tax return. Upon successful validation of the EVC, the taxpayer shall not be required to send the signed ITR-V form to CPC, Bangalore. EVC is an environment friendly method of validation of return. H&R Block recommends use of EVC.
  • 3. Net Banking Account ATM Aadhaar Card Number OTP (Low Risk Cases) Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited. How to generate an EVC? 4 OPTIONS If you cannot use any of the option above to validate your return, then you are required to send the signed copy of Form ITR V to the Income Tax Department’s Centralized Processing Centre in Bangalore by ordinary post or speed post.
  • 4. Taxpayer logs into his online banking account Clicks the link to the ITD’s portal (Single Sign-On) Requests for generation of a verification code Receives the code on his mobile number Submits the code on the ITD’s portal Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited. EVC with Net Banking Account • The bank should be enlisted by the ITD. All major Indian banks such as HDFC Bank, ICICI Bank, Axis Bank, SBI, Kotak Bank, etc. are enlisted. • If the account is jointly held, the taxpayer should be the primary account holder. • The verification code shall be sent to the number registered on the ITD’s portal. • Taxpayers should first update their mobile number on the ITD’s website before generating the EVC • The verification code shall be valid for 72 hours. ITD = Income Tax Department
  • 5. Taxpayer swipes his ATM card* Option to generate a verification code will flash Requests for generation of a verification code Receives the code on his mobile number Submits the code from his account on the ITD’s portal Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited. EVC with ATM * The bank should be enlisted by the ITD. All major Indian banks such as HDFC Bank, ICICI Bank, Axis Bank, SBI, Kotak Bank, etc. are enlisted. • The verification code shall be sent to the number registered on the ITD’s portal. • The verification code shall be valid for 72 hours.
  • 6. Taxpayer sends a seeding request from his account on the ITD’s portal Name, PAN, DOB, Gender, etc. are shared with the UIDAI by ITD for validation Upon successful validation, an OTP/EVC is generated Taxpayer receives the OTP/EVC on his mobile number Submits the code from his account on the ITD’s portal Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited. EVC with Aadhaar Number • The OTP/EVC shall be sent to the mobile number registered with UIDAI. • The OTP/EVC shall be valid for 10 minutes.
  • 7. Taxpayer sends a request for an OTP from his account on the e-filing portal Receives the code on his mobile number Submits the code from his account on the ITD’s portal Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited. EVC by direct OTP from ITD • Applicable only to low risk taxpayers - i) Income less than Rs. 5 Lakh, and ii) no refund • The verification code shall be sent to the number registered on the ITD’s portal. • The OTP shall be valid for 72 hours.
  • 8. If an EVC is lost or expired, a new EVC can be regenerated. A separate EVC is to be generated and validated for each return e-filed. For every return e-filed, the EVC should be generated & validated within 120 days of e-filing. If the taxpayer does not have the password to his account on the income tax department’s portal, the net banking account method would be most suitable to him. He can log into his account on the ITD’s portal by using the net banking acount. Only in Aadhaar based EVC, the EVC is sent to the mobile number linked to the Aadhaar card. In all other cases, the EVC is sent to the mobile number registered on the tax payer’s account with the ITD’s e-filing portal. It is important to update the mobile number in the account on ITD’s portal before sending the request for the EVC. Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited. Other important points
  • 9. For any queries regarding EVC, contact H&R Block @ evc@hrblock.in Contents and material, non-public, confidential and proprietary. Unauthorized distribution or dissemination prohibited. Thank you