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ITR verification: A taxpayer can e-verify their ITR in different ways that include Aadhaar-based OTP, net banking, bank account, demat account and bank ATM.
The income tax department has reduced the timeline for verification of income tax return (ITR) filing from 120 days to 30 days. This means those who have filed ITR but couldn’t verify it should do it by this month.
After filing ITR, whether offline or online, it is an important task to verify it. In case the verification is not done, ITR cannot be regarded as legal and may not be processed by the department. As a result, taxpayers will not receive any refund.
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I-T Department offers five ways to verify an ITR — net banking, bank ATM, Aadhaar, bank account and demat account.