Income Tax alert: Deadline to verify your ITR ends today

 













The Income Tax department has an important update for taxpayers who have filed an Income Tax Return (ITR) for the assessment year (AY) 2020-21. The Central Board of Direct Taxes (CBDT) has provided a last chance to verify the ITR for AY 2020-21.






ITR VERIFICATION: WHY IT IS IMPORTANT

If taxpayers have e-filed their ITR for AY 2020-21, they need to verify it too, Income Tax India tweeted.

Verify your ITR to avoid becoming a non-filer and avoid the application of higher Tax Deducted at Source (TDS) rates.
ITR VERIFICATION LAST DATE

The extended last date for e-verification or verification for ITR for AY 2020-21 is February 28, 2022.
ITR VERIFICATION PROCESS

The e-verification of ITR for AY 2020-21 can be done using multiple modes.

1. Through Aadhaar OTP, 2. By logging into an e-filing account through net banking, 3. Electronic Verification Code (EVC) through bank account number, 4. EVC through demat account number, 5. By sending a duty signed physical copy of ITR-V through post to CPC, Bengaluru.


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