If you are among those who missed the ITR filing date in July this year, then you still have the last shot to go. That is- December 31, 2022. Taxpayers who are yet to file can submit a belated and revised income tax return on or before December 31, 2022, for the assessment year 2022-2023.
Revised and Belated ITR Filing
Under income tax laws, there is a ruling that allows taxpayers to file a belated ITR if they have missed the original date to file an income tax return. So, the deadline to file a return was July 31, 2022, which was extended to December 31, 2022, with a belated fee. So, what’s a belated ITR? It’s just a name for the returns filed after the deadline has passed. The need to file a belated ITR was hyped up with the decision not to extend the original filing date by the income tax department.
How To File an ITR?
“To begin with filing ITR, you must first ascertain whether your total income (before claiming any deductions) exceeds the exemption limit. For individuals below 60 years of age, the exemption limit is up to Rs 2.5 lakh irrespective of whether you opt for a new income tax regime or an old one. If the total income exceeds Rs 2.5 lakh, then you have to mandatorily file ITR. The next step would be to collect the required documents for ITR filing. This includes various TDS certificates such as Form 16 (from your employer), Form 16A (from banks), interest certificates, capital gains statements, etc,” mentioned times now.
How Can You Verify Your ITR With Different Methods?
For both registered and unregistered users there is an e-verify service available on the e-filing portal. Below are the different modes using which you can e-verify your ITR:
- Digital Signature Certificate Aadhaar OTP Electronic Verification Code (using bank account / Demat account)
- Electronic Verification Code (using Bank ATM – offline method)
- Net Banking
Steps To e-Verify Using Digital Signature Certificate (DSC):
- “You will not be able to e-Verify your ITR using Digital Signature Certificate if you select the e-Verify Later option while submitting your Income Tax Return. You can use DSC as an e-Verification option if you choose to e-Verify your ITR immediately after filing,” mentioned times now.
- First on the e-verify page select the option that says, ‘I would like to e-Verify using Digital Signature Certificate (DSC)’.
- A page named ‘Verify Your Identity’ will be opened next. Tap on ‘Click here’ to get the emsigner utility offline.
- Now, after the emsigner utility is downloaded and installed. Then select the option, ‘ I have downloaded and installed emsigner utility’ on the page named ‘Verify Your Identity’ and then tap on ‘Continue’.
- Next, on the ‘Data Sign’ page and choose your provider and certificate, then enter your password provider. Then click ‘Sign’.
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Steps To e-Verify Via Generating Aadhaar OTP:
- On the verification page, tap on the option which says, ‘I would like to verify using OTP’. You will receive the OTP on your registered mobile number. Now tap on ‘Continue’.
- On the next page select, the ‘ I agree to validate my Aadhaar Details checkbox’ and then click on the option, ‘Generate Aadhaar OTP.’
- Now enter the OTP and validate the process.
