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.
Addition u/s 68 for jewellery purportedly received on death of grandparent under Will upheld. In a recent judgment, ITAT upheld…
Supreme Court lays down tests to determine whether a debt is a financial debt or an operational debt under IBC…
Merely because directors of two companies were common not mean that deposits received was bogus and companies were shell companies…
Application though named as rectification but if tax imposed is not legitimate then it also touches upon the merit –…
Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of current FMV to be further…
ITAT directed AO to serve notice of hearing both through electronic and physical mode upon the assessee In a recent…