14 July 2015

CBDT introduces Electronic Verification Code (EVC) system

CBDT introduces Electronic Verification Code (EVC) system as an alternate mode of verification to manually signed ITR-V (acknowledgment).
CBDT Notification No. 2/2015 Dated 13-July-2015 regarding
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EVC, a ten digit alpha-numeric code, to be provided using any of the 4 methods, namely –
a) internet banking ,
b) AADHAR authentication ,
c) Bank ATM card and
d) combination of registered email and mobile number (where income is below Rs 5 lakhs).

EVC to be generated from E-filing website, generation process may vary based on risk category of taxpayer.

EVC unique to an assessee's PAN, one EVC can be used to validate one return of the assessee irrespective of the AY or return types.

EVC to be stored against assessee’s PAN and shall be valid for 72 hours (except in case of Aadhaar authentication)

The Notification is available at
https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/EVC_notification.pdf.

Further EVC would verify the identity of the person furnishing the return of income. The mode and process for generation and validation of EVC, a user manual was prepared which is available at
https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/e-Verification_User_Manual.pdf. CA RAJIV SHUKLA

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