Get EVC to verify your tax return at ATMs of 3 banks now

NEW DELHI: Electronic Verification Code ( EVC) can now be generated through State Bank of India, AXIS bank and Canara bank ATMs, according to the Income Tax e-filing website. This will facilitate these bank's customers, who may not have a Net-Banking account, to e-verify their return. Other banks are expected to launch this facility soon.

The Income Tax department had earlier widened the ATM-based validation system for filing e-ITRs by taxpayers by including Axis Bank, after SBI, as part of its measure to enhance the paperless regime of filing the annual I-T returns.

In May this year, the department had launched the bank account-based validation facility in this regard for those who have not availed the internet banking facility.

The new facility is available on the official e-filing portal of the department- http://incometaxindiaefiling.gov.in/ and will work by using the One Time Password (OTP) verification system as activated by the department last year by using the Aadhaar number.

These measures are used to validate the e-ITR so that the taxpayer does not take the trouble of sending the paper-based ITR-V by post to the Bengaluru-based Central Processing Centre (CPC) for final resolution and processing.

The new ITRs have been notified early this year and taxpayers can e-file thier ITRs by the extended deadline August 5, 2016.

ITR-1 can be filed by individuals having income from salaries, one house property and from other sources including interest.

ITR-2 is filed by Individuals and Hindu Undivided Families (HUFs) not having income from business or profession. ITR-2A is filed by those individuals and HUFs who do not have income from business or profession and capital gains and who do not hold foreign assets.