New Delhi, Jul 13 (PTI) The Income Tax department has widened the ATM-based validation system for filing e-ITRs by taxpayers with the inclusion of Axis Bank, after SBI, as part of its measure to enhance the paperless regime of filing the annual I-T returns. "Now, Electronic Verification Code (EVC) can also be generated by pre-validating Automated Teller Machine (ATM) provided by Axis Bank. SBI had activated the facility last month. Other banks are also expected to join soon," a senior I-T department official said. 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 till July 31. Also Read: Red Letter Day of 11th July 1960 The nostalgic coming-of-age story of India Post E-filing: ATM-based validation facility enhanced 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.
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Thursday, July 14, 2016
E-filing: ATM-based validation facility enhanced
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