New Delhi: The Income Tax department has launched an
ATM-based validation system for filing e-ITRs by taxpayers as part of
its measure to enhance the paperless regime of filing the annual IT
returns.
"Now, Electronic Verification Code (EVC) can be generated by
pre-validating your Automated Teller Machine (ATM) provided by the bank
where a taxpayer has an account. While SBI has activated the facility
beginning yesterday, other banks will follow soon," a senior IT official
said.
Last month, the department had launched the bank account based
validation facility in this regard for those who have not availed
internet banking facility.
The new facility is available on the official e-filing portal of the
department- http://incometaxindiaefiling.gov.in/ and will work by using
the One Time Password (OTP) verification system as activated by the
department last year by using the Aadhaar number.
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 post to the
Bengaluru-based Central Processing Centre (CPC) for final resolution and
processing.
The new ITRs have been notified recently.
ITR-1 can be filed by individuals having income from salaries, one house property and from other sources including interest.
ITR-2 is filed by Individuals and Hindu Undivided Families (HUFs) not having income from business or profession.
ITR-2A is filed by those individuals and HUFs who do not have income
from business or profession and capital gains and who do not hold
foreign assets.