Aadhaar OTP based EVC of ITRs-Maximum 5 OTP requests for a single Aadhaar can be made within a span of 30 minutes.
Aadhar based OTP is one of the Electronic Verification options of verifying submission of the Income Tax Returns (ITRs). Other options for generating Electronic Verification Code (EVC) are through Net Banking, Bank account, demat account, ATM.
If no electronic verification is done one can still verify ITR by sending a signed copy of ITR-V Acknowledgement receipt to the department.
The Income Tax Department has issued an advisory on the limit on the use of Aadhaar based OTP for generating EVC for verification of ITRs.
It has been stated that as per new restrictions placed by UIDAI, a maximum of 5 OTP requests for a single Aadhaar can be made within a span of 30 minutes.
Taxpayers have been advised to give sufficient time before multiple submissions for Aadhaar OTP.
- Income Tax notice by process server held invalid for non acknowledgement/endorsement
- No income tax is payable on compensation on land acquired under NHAI Act 1956
- Documents filed on the day when assessment order passed are not additional evidence
- Addition of bogus purchases deleted as opportunity of cross examination not given
- GST Registration to be granted automatically and electronically within 3 Working Days
