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We often consider filing of the tax return is the end of the whole story. But picture abhi baki hai mere dost. There is misconception that once the tax return has been filed electronically, work is over until the next tax return filing deadline. One has to e Verify the ITR or send ITR-V if income tax returns are filed online without digitial signature, get acknowledgement of Receipt of ITR-V from Central Processing Centre (CPC) Bangalore, then wait for intimation from Income Tax Department under section 143(1). This article covers what to do after e-filing ITR.

Checklist after e-filing ITR

1. Verify the ITR or dispatch ITR-V

The primary thing that one should do just after e-filing is that either

  • E-verify or
  • Dispatch ITR-V to CPC Bangalore.

After e-filing of ITR E Verification

To facilitate taxpayers the income tax return from assessment year (AY) 2015-16 can now be verified electronically. Persons using this facility will not be required to submit a signed paper copy of ITR-Verification form (ITR-V) to CPC Bengaluru.  It  works in same way as the One Time Password that one uses to do shopping on internet through credit-card. Our article  E-verification of Income Tax Returns and Generating EVC through Aadhaar, Net Banking covers it in detail.

After you have uploaded your return to income tax e-filing website you can Verify the ITR electronically. Electronic Verification or E Verification of Income Tax return consists of two parts:

  1. Generation of Electronic Verification Code.
    • EVC is a unique  10 digit alpha numeric code and can be used only with the PAN of the person furnishing the income tax return.
    • EVC  can be used to verify any ITR such as ITR 1 (Sahaj) / ITR 2A / ITR 2 / ITR 3 / ITR 4 /ITR 4S (Sugam).
    • One EVC can be used to validate only one ITR whether it is original or revised return.
    • EVC remains valid for 72 hours but can be generated various times through various modes.
  2. Electronics Verification of Income Tax Return can be done while uploading Income Tax Return . Electronics Verification can also be done of an already uploaded Income Tax Return in last 120 days which are not e-Verified.

What are the ways in which one can generate Electronic Verification Code?

  1. By linking Aadhaar to PAN Number and verifying it with one time password. The Aadhaar Number and PAN card can be linked if Name, Date of Birth and Gender are same on both the records
  2. Using Generate EVC at the income tax return filing website, incometaxindiaefiling.gov.in . You can use this method only if Total income as per ITR is less than Rs 5 Lakh and there is no Refund claim
  3. Through bank ATMs of all major banks
  4. Through Net banking of all major banks

After e-filing Sending ITR-V

If you don’t e Verify then you have to do On-line filing can be done with or without digital signature. But, for those filing it without using the digital signature, it is mandatory to submit the ITR-V form generated on-line, to the income tax officials at Bangalore, within 120 days of filing of the return. The process of return filing is complete then.
ITR-V stands for Income Tax Return–Verification , sample form is shown below.
  •  ITR-V is generated when you file your I-T return online—without using a digital signature.It is a one page document, pdf file.
  • You also receive it as an acknowledgement email from the Income Tax Department in your inbox, after you file your return electronically.
  • They can also download the ITR-V from the https://incometaxindiaefiling.gov.in website from My account ->My Return after login into it
  • This ITR-V also contains the acknowledgement number of electronic transmission and the date of the transmission as an evidence of filing for the benefit of the assessee.
  • The password of ITR V is your PAN number in lower case, followed by your date of birth in DDMMYYYY format , for example for Mr Sharma with PAN number AJSPD8693E and date of birth as 20-Mar-1976 the password would be ajspd9693ed20031976
  • ITR-V should be printed in dark black ink and clear to read.
  • You have to sign the copy of the ITR-V in blue ink .Your signature should not be on bar code of the Form. Bar code and numbers below the bar code should be clearly seen.
  •  In case the return was prepared by a Tax Return Preparer (TRP), the particulars of TRP be also filled and this verification form be countersigned by the TRP.
  • You do not need to send any supporting documents along with the ITR-V. Just the one page signed ITR-V.
  • Do not use stapler on the Form ITR-V. Do not fold this signed ITR-V.
  • Enclose the same in an A-4 size white envelope. Send the envelope to the CPC through speed post or ordinary post within 120 days from the date of filing. You cannot courier the ITR-V.
  • Inside a single envelope, you can send several ITR-V forms.
  • The envelope should be send to Income Tax Department CPC Post Box No.1, Electronic City Post Office, Bangalore-560100, Karnataka. You cannot submit ITR-V anywhere else in India

Picture below shows empty ITR-V form. (Click on image to enlarge)

ITR-V

ITR-V (Click to enlarge)

Remember, if you miss submitting your ITR-V within 120 days, your e-filing will be considered invalid. It will be considered that you have not yet filed your return. You then have to file a revised return, get a new ITR-V and submit the same within 120 days.  So far Income Tax Department has been extending the last  date for submission of ITRV but don’t procrastinate or postpone sending your return.

Recently Ministry of Finance has proposed a new way of submitting income tax e-returns for those who file on-line income tax returns without any digital signature.Please note that this is just a proposal till now and it would not be applicable for this assessment year 2013-14 in any way. SUBMISSION OF ITR V IS MANDATORY FOR E-FILING IT RETURN FY 2012-13 (AY 2013-14)

Acknowledgement from CPC

Upon receipt of ITR-V, Central Processing Centre (CPC) Bangalore dispatches an email acknowledgement. It should reach within a month of sending ITR-V to Bangalore. You can check the status of whether ITR-V is received by CPC or not in following ways:
  • The e-mail from CPC is sent to the email ID mentioned in the ITR.  If you don’t get the acknowledgement, check you SPAM folder.
  • By filling details of your PAN and assessment year or by filling the e-filing acknowledgement number on the ITR-V Receipt Status tab under Services section on the e-fling website as shown in picture below.
  • It is also available on the income-tax web site,  https://incometaxindiaefiling.gov.in, you can login in your account and check Views and Forms under the tab My Account.
  • You can also call the CPC call centre number 1800-4250-0025 (from 9am to 8pm) to enquire about the status of e-filing.
ITR-V Reciept status after e-filing ITR

ITR-V Reciept status

 Processing of Income Tax Return

After e-verification of ITR, wait for around one month to get the intimation from IT department under section 143(1). You will receive another email from IT department once your income tax return gets processed. This email is called Intimation under section u/s 143(1). The intimation as the name suggests intimates the tax payer about, any tax and interest payable or if the assessee is eligible for refunds after providing all the necessary adjustments relating to tax deducted at source, advance tax paid, any tax paid on self – assessment or any other amount in the nature of tax or interest.

  • These intimations will be received through email to the Email address provided in filing income tax returns online and would also be sent by Post
  • The intimation shall be sent before the expiry of one year from the end of the assessment year in which the income was assessable. So Intimation for FY 2012-13 or AY 2013-14 will be sent by
  • Intimation letter is protected with password. To open document, enter your PAN No (In small letters) and Date of Birth/ Date of Incorporation in ddmmyyyy format.

It states any difference between the amount of Income, Deductions and Income Tax Payable, and TDS or Income Tax paid as stated by you in your return with respect to that computed by your Income Tax Officer u/s 143(1).If you look at the notice you will see that there are two columns:
a) As provided by taxpayer in return of Income and
b) As computed under section 143(1).

If there is no difference in both columns i.e details provided by the taxpayer and as verified by the Income Tax department match, then this notice will serve as final assessment of the return with nothing to be done on part of the taxpayer.

If tax paid is less than what is computed by Income tax department then this intimation becomes Notice of Demand u/s 156. For example, if Income as disclosed by taxpayer is Rs 6,00,000 but the department computes his income as Rs. 6,50,000, then there will be shortfall of tax paid. If he feel that computations by Income Tax Department are correct then he will have to pay such tax If he thinks that the demand is wrong then he must prove his case with necessary procedures.

If the tax paid is more than the income computed by the department then such intimation will have a refund and such refund will be granted to the taxpayer. Refund will either be sent by cheque or credited into the bank account mentioned in Income Tax Return.

This Intimation u/s 143(1) should be treated as completion of assessment income tax returns for the year unless there is tax due from the tax payer.

Check Income Tax Return /Refund Status

Income-tax Department has provided access to check Income-tax Return / Refund Status in user login.

  • Step 1: Login/Register on Income-tax website click here.
  • Step 2: After Login click on My Account >> e-Filed Returns/Forms.
  • Step 3: Click on Ack. No. of concerned Assessment Year.
  • Step 4: View the Return Status.
View Income Tax ITR Status

View Income Tax ITR Status

Below are the different ITR statuses that you may see.

S. No Status as per Income Tax Meaning Action to be taken
1 Not determined This means that your Income-tax Return is still not processed. In such cases you should confirm if your return is filed and duly verified. You may check your Return verification status here. Below are different status of ITR-V Receipt Status :

a. ITR-V Received – ITR-V is received at CPC-Bangalore and successfully verified

b. ITR-V e-verified – Income-tax return is e-verified.

c. E-return for this Assessment Year has been Digitally signed – Return is filed with Digital Signature. It is verified with Digital Signature.

d. ITR-V not received – ITR-V is not received by CPC or e-verified. You should try e-verification process or send signed ITR-V to CPC Bangalore.

(Please note that return filed in paper form are not shown online, so if you have filed manually at Income Tax Office, then you need to wait)

In  such cases, one should confirm if Income-tax return is filed and duly verified.
2 Refund paid The Income-tax Department has sent the refund to you by Cheque or by direct debit to the Bank Account Number you provided while filing your return.

 

In case you have received your refund, that’s a good news. If not received  and you had opted for “Direct debit to your bank account”, then contact your  bank  to check for any errors.

If you had opted for refund by cheque , but haven’t received the cheque then check out the Speed Post tracking reference number for your cheque on the Refund Banker’s website.

3 Assessment Year not displayed in Refund / Demand Status No e-return has been filed for this PAN – You have missed to file the return.

 

 

 You should file your Income-tax Return immediately.
4 No Demand no refund You may have claimed a refund in your income tax return but according to the income tax department, you may not be liable for any refund as per their calculation. This may happen in case there is mismatch in their and your calculation of income or TDS details. In such cases, it may issue an intimation u/s 143(1) showing comparison between details submitted and details considered by Income Tax Department. If there is any mistake in the return, same can be corrected by filing rectification return.

 

In case, there is any error or you have missed to enter any Income or Claim any deductions, then you can revise your return.

If you have received an intimation from the department, then firstly, understand the reason of difference in your computation and that by the department. If you agree with department’s calculation, then file a rectification return after correcting your errors.

5 Refund Unpaid It means that income tax department has sent refund to you but either your address is wrong or bank details provided are incorrect, due to which refund was not processed.

 

 Visit this link of the Refund Banker’s website and enter your PAN and Assessment year for which you want to know the reason for refund failure and correct the same by updating the details on income tax department’s website and raising a refund re-issue request.
6 ITR processed refund determined and sent out to Refund Banker It means that the income tax department has processed your return and Refund request is generated. The details are forwarded to the refund banker for processing the same. Check this status again after a few days for knowing the updation in status by the refund banker.

 

 The Refund Banker service will give you the latest details of your refund that may include speed post tracking, error messages in case of incorrect bank details etc. So, after a few days, check this status again.
7 Demand determined It means that the income tax department has rejected your refund claim and instead raised an outstanding demand for unpaid taxes. You shall receive a notice from the department with exact amount of demand outstanding and reason for the same. Also this may be seen in Intimation u/s 143(1). If there is difference between amount calculated by Income Tax Department with details submitted in return, same can be corrected by filing Rectification Return.

 

Check the intimation and understand the reason of difference. On a safer side, cross check with your e-Filing records to verify the information you provided was accurate.

If you find that your own refund request was erroneous, pay the tax demanded by the I-T department within the time limit mentioned in the intimation.

If you think the I-T department made a mistake, you can  change/ update your information if necessary and file a rectification supporting your refund claim.

8 Contact Jurisdictional Assessing Officer It means that the I-T department needs some clarification / Information regarding your Income Tax Return. When you receive such a message, contact the AO (Jurisdictional Assessing Officer) for your region.

Click here to find out details about your AO . 

 

 After you have found out your Assessing Officer,  then contact him via telephone, post or email.

Keeping Income Tax Records

Even if your income tax returns are processed successfully you need to keep all the paper work. Since legal proceedings under the income tax act can be initiated up to six years prior to the current financial year, you must maintain Income tax related documents at least seven years. Our article Paper Work A Necessary Headache discuses it in detail. The records that you need to keep are

  • Form 16, Form 12 B
  • Filed returns
  • Tax paid
  • Tax deducted at Source (TDS),Form 16A,
  • Tax exemption documents,
  • Bank account statements
  • Gift deed
  • Intimations from Income Tax Department (Soft copy email etc) and hardcopy.

Be watchful of emails, letters and notices received from the Income tax Department and respond to them within the requisite time. Mails from Income Tax Department comes from email id intimations@cpc.gov.in

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