Steps to Obtain ITR-V Acknowledgment Form: E-filing has made it possible to obtain the ITR-V form from the comfort of one’s home or office without much hassles. It has to be noted that ITR-V applies to those who file the return without a digital signature. The ITR-V can also be downloaded from the e-filing website. As the name suggests, the IT department verifies the authenticity of the proofs submitted by the taxpayers online, and a single-page acknowledgment is sent to them through e-mail. ITR-V or Income Tax Return Verification is provided by the Income Tax department to the taxpayers. If your business operated by a single individual then you should file Proprietorship Tax Return Filing What is ITR-V? The notice carries vital information as to whether the ITR submitted by the taxpayer is in consonance with the record held by the IT department. Regardless, the taxpayer has the utmost necessity to assimilate the content of the notice, word by word. Yet, the notice thus sent is not very plainspoken and is quite complicated.
This is done to let them know if they have to pay any additional amount to settle their taxes or if they are due for a refund. The intimation is given to individuals by the Income Tax (IT) department once their Income Tax Returns (ITR) are processed. However, the notice under Section 143 (1) of the Income Tax Act, 1961 is password protected for privacy and security reasons. It is imperative that every individual gives due attention to their respective income tax notices.
The document is password protected to ensure that it is accessed only by the authenticated users. Once the Income Tax is filed by the taxpayers, the next task in their hands is to verify the ITR-V Acknowledgment form from the Income Tax Department.
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