Income Tax filing changes 2015-Aadhar added and end of ITR-V sending by post
Recently
IT Department took some initiatives, which may rejoice the taxpayers.
If you have Aadhaar card, then you no longer required to send IT return
acknowledgement or ITR V form to CPC Bangalore. Instead, Aadhaar-based
electronic verification code has been launched to authenticate this document.
The current process was cumbersome, as you have to take the printout of
ITR Acknowledgement (ITR V), sign on it, and send to CPC Bangalore either
through registered or ordinary post. This you have to send within 120 days of
filing ITR. This is the only center to receive the ITR V, it is cumbersome for
IT Department to process it within a time and there are huge complaints like
someone sent but not received the acknowledgement or few may forget to send the
form.
This delay causes in completing the IT Return process or refund process.
Hence, to get rid of such cumbersome process, IT Department introduced Aadhar
based IT electronic verification process.
What is the new Process?
Below is
the new format of ITR Form, where
you notice the new column introduced to mention Aadhaar number.
The process
is so simple. You need to enter Aadhaar number while filling it returns in the
above said column. After which, the UDAI database will send you the OTP (One
Time Password) to your registered mobile number. You have to authenticate this
OPT on an e-filing website. That’s it and no more process of authentication
required. In the below image, I explained the changes.
What if you don’t have Aadhaar Card?
It is best to apply for an Aadhaar card at the earliest. Because step by step Aadhaar card now mandatory document as identity and address proof. However, if you do not have Aadhaar card, then you can follow the old process. In my view, it is best to have Aadhaar at the earliest and get rid of sending the physical form of ITR V to Bangalore and wait for an acknowledgement.
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