Easily verify your ITR via ICICI NetBanking by generating an EVC online, eliminating the need for physical paperwork.
E-Verification of ITR Using ICICI NetBanking
Filing your Income Tax Return (ITR) is a two-step process: filing the data and verifying the return. Without verification, the Income Tax Department (ITD) considers the return invalid and will not process it. In the past, taxpayers were required to print the ITR-V acknowledgment, sign it physically, and mail it to the Central Processing Centre (CPC) in Bangalore.
Introduction of Electronic Verification
To simplify compliance and reduce paperwork, the government introduced electronic verification methods. Taxpayers can now validate their returns digitally using an Electronic Verification Code (EVC).
- What is an EVC?: It is a unique 10-digit alphanumeric code generated for a specific PAN.
- Usage: Each EVC is valid for a single return verification. If you file a revised return, a new EVC must be generated.
- Advantage: Using an EVC removes the need to send physical hard copies to the CPC.
Steps to E-Verify via ICICI NetBanking
If you hold a bank account with ICICI Bank, you can leverage its internet banking facility to verify your ITR effortlessly. Below is the step-by-step procedure:
- Log In: Access your ICICI NetBanking account using your user ID and password.
- Locate Tax Section: Find the tab related to income tax filing on the main dashboard.
- Select E-Verify: Choose the e-verify option. This action will redirect you to the official government e-filing portal.
- Generate EVC: Once on the e-filing website, navigate to the ‘My Account’ section to request an Electronic Verification Code.
- Receive Code: The EVC will be sent instantly to your registered email address and mobile number.
- Complete Verification: Enter the received EVC on the portal to successfully verify your income tax return.
Prerequisites
Before initiating this process, ensure that your bank is authorized by the Income Tax Department to provide e-filing and verification services. While the core process remains similar, navigation steps may vary slightly across different banking interfaces.
