Verifying Income Tax Returns Online via Axis Bank NetBanking

Once you have filed your Income Tax Return (ITR), it must be verified before the Income Tax Department can process it. In the past, this process required printing the ITR-V (acknowledgement form), signing it manually, and mailing it to the Central Processing Centre (CPC) in Bengaluru.

To simplify compliance, the government introduced electronic methods for filing and verification, eliminating the need for physical paperwork.

Electronic Verification Code (EVC)

You can electronically verify your return using an Electronic Verification Code (EVC). This is a unique 10-character alphanumeric code linked to your Permanent Account Number (PAN).

Key points about EVC:
– One EVC is valid for verifying a single return.
– If you file a revised return, a new EVC must be generated.
– When you verify via EVC, you are not required to send a physical ITR-V to the CPC.

Using NetBanking for Verification

You can generate an EVC and verify your return through NetBanking facilities provided by authorized banks, such as Axis Bank.

Prerequisites for NetBanking Verification:
– Your bank must be authorized by the Income Tax Department to offer e-verification services.
– Your PAN and mobile number registered on the e-filing portal must match the details linked to your bank account.

The specific navigation steps to generate the EVC may vary slightly depending on your bank’s internet banking interface.