New Delhi: The income Tax branch has released an ATM-based validation gadget for submitting e-ITRsby means of taxpayers as a part of its measure to beautify the paperless regime of submitting the annualIT returns.
“Now, digital Verification Code (EVC) can be generated by using pre-validating your automated Tellerdevice (ATM) furnished by way of the financial institution where a taxpayer has an account. whilst SBI has activated the ability beginning yesterday, other banks will comply with quickly,” a senior IT legitsaid.
ultimate month, the department had released the financial institution account based totally validation facility on this regard for the ones who have not availed net banking facility.
the new facility is to be had at the authentic e-filing portal of the branch– http://incometaxindiaefiling.gov.in/ and could work by means of using the only Time Password (OTP) verification gadget as activated by using the department ultimate 12 months through the use of the Aadhaar range.
these measures are used to validate the e-ITR so that the taxpayer does not take the trouble of sending the paper-based ITR-V by using post to the Bengaluru-based significant Processing Centre (CPC) for finalresolution and processing.
the new ITRs had been notified recently.
ITR-1 may be filed by way of individuals having income from salaries, one residence belongings and from other resources which include interest.
ITR-2 is filed by individuals and Hindu Undivided families (HUFs) now not having profits from commercial enterprise or profession.
ITR-2A is filed by the ones individuals and HUFs who do no longer have earnings from commercial enterprise or profession and capital gains and who do no longer hold foreign assets.
(This tale has no longer been edited by way of NDTV staff and is auto-generated from a syndicated feed.)
story first posted on: June 04, 2016 16:18 (IST)
Tags: profits tax, efiling tax, Efiling, Tax filing, ATM, ATM tax submitting, automatic Teller machine,commercial enterprise information
