Electronic Verification Code July, 2015
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Electronic Verification Code
What is an Electronic Verification Code (EVC)? A 10 digit alpha-numeric code which can be generated by one or more of 4 different ways by eligible taxpayers to validate their income tax return.
Upon successful validation of the EVC, the taxpayer shall not be required to send the signed ITR-V form to CPC, Bangalore.
EVC is an environment friendly method of validation of return. H&R Block recommends use of EVC.
How to generate an EVC? 4 OPTIONS
Net Banking Account
ATM
Aadhaar Card Number
OTP (Low Risk Cases)
If you cannot use any of the option above to validate your return, then you are required to send the signed copy of Form ITR V to the Income Tax Department’s Centralized Processing Centre in Bangalore by ordinary post or speed post.
EVC with Net Banking Account Taxpayer logs into his online banking account
Clicks the link to the ITD’s portal (Single Sign-On)
Receives the code on his mobile number
Requests for generation of a verification code
Submits the code on the ITD’s portal
• The bank should be enlisted by the ITD. All major Indian banks such as HDFC Bank, ICICI Bank, Axis Bank, SBI, Kotak Bank, etc. are enlisted. • If the account is jointly held, the taxpayer should be the primary account holder. • The verification code shall be sent to the number registered on the ITD’s portal. • Taxpayers should first update their mobile number on the ITD’s website before generating the EVC • The verification code shall be valid for 72 hours. ITD = Income Tax Department
EVC with ATM Taxpayer swipes his ATM card*
Option to generate a verification code will flash
Receives the code on his mobile number
Submits the code from his account on the ITD’s portal
Requests for generation of a verification code
* The bank should be enlisted by the ITD. All major Indian banks such as HDFC Bank, ICICI Bank, Axis Bank, SBI, Kotak Bank, etc. are enlisted. • The verification code shall be sent to the number registered on the ITD’s portal. • The verification code shall be valid for 72 hours.
EVC with Aadhaar Number Taxpayer sends a seeding request from his account on the ITD’s portal
Name, PAN, DOB, Gender, etc. are shared with the UIDAI by ITD for validation
Taxpayer receives the OTP/EVC on his mobile number
Submits the code from his account on the ITD’s portal
Upon successful validation, an OTP/EVC is generated
• The OTP/EVC shall be sent to the mobile number registered with UIDAI. • The OTP/EVC shall be valid for 10 minutes.
EVC by direct OTP from ITD Taxpayer sends a request for an OTP from his account on the e-filing portal
Receives the code on his mobile number
Submits the code from his account on the ITD’s portal
• Applicable only to low risk taxpayers - i) Income less than Rs. 5 Lakh, and ii) no refund • The verification code shall be sent to the number registered on the ITD’s portal. • The OTP shall be valid for 72 hours.
Other important points If an EVC is lost or expired, a new EVC can be regenerated.
A separate EVC is to be generated and validated for each return e-filed. For every return e-filed, the EVC should be generated & validated within 120 days of e-filing.
If the taxpayer does not have the password to his account on the income tax department’s portal, the net banking account method would be most suitable to him. He can log into his account on the ITD’s portal by using the net banking acount. Only in Aadhaar based EVC, the EVC is sent to the mobile number linked to the Aadhaar card. In all other cases, the EVC is sent to the mobile number registered on the tax payer’s account with the ITD’s e-filing portal. It is important to update the mobile number in the account on ITD’s portal before sending the request for the EVC.
Thank you For any queries regarding EVC, contact H&R Block @ evc@hrblock.in