File your Income Tax Return (ITR) with us

Step 8: E-Verify ITR

• The last and crucial step is to verify your return within the time limit (30 days). Failing to verify your return is equivalent to not filing it at all. 

• You have the option to e-verify your return using different methods such as Aadhaar OTP, electronic verification code (EVC), Net Banking, or by sending a physical copy of ITR-V to CPC, Bengaluru.

When is it mandatory to file ITR?

• ITR for individuals is mandatory only if their income is above basic exemption limit.

• There are also other criteria, satisfaction of which ITR filing is mandatory.

  • Expenditure on foreign travel being more than Rs. 2 lakh (or)

  • Electricity consumption of Rs.1 lakh or more (or)

  • Deposit above Rs.1 crore in one or more current accounts (or)

  • Business receipts exceed Rs.60 lakhs (or)

  • Professional receipts exceed Rs.10 lakhs (or)

  • TDS and TCS amount exceeds Rs.25,000 (or)

  • In the case of a resident whose asset is located outside India or who has signing authority for an account-based account outside India, ITR filing becomes mandatory.

Benefits of Filing ITR

It is always a good idea to file your ITR even if you are not eligible due to the benefits.

• Filing of ITR creates a valid proof of income or net worth

• ITR is required for applying for any loan in the future

• ITR is required by banks even for applying credit cards

• ITR is required for VISA applications, etc.

• ITR is required for obtaining Term insurance

• ITR is required for obtaining government tenders

• Hence it is advisable to file ITR even if your income is below the basic exemption limit.

Documents Required for Filing ITR

The following documents/information are required for e-filing their ITR:

• PAN and Aadhaar

• Bank Statements

• Form 16

• Donation receipts

• Capital gain statements from the broker 

• Insurance policy paid receipts related to life and health

• Bank account information linked to PAN

• Aadhaar registered mobile number for e-verifying the return

• Interest certificates from banks

However, you can e-file your ITR on TaxSuchi by just providing your PAN and login credentials. We will auto-fill most of your details, like salary income, TDS, deduction details, etc, from the Income Tax Department. 

How to Get an Income Tax Return Copy Online?

• Step 1: Log on to incometax.gov.in with credentials

• Step 2: Click on View Returns/ Forms

• Step 3: Selection an option as “Income tax returns” and the relevant assessment year and click on submit

• Step 4: A window displaying a list of ITR filed will open.

• Step 5: Click on ITR-V acknowledgement number you want to download

• Step 6: ITR V PDF file will open which can be downloaded.