Aadhaar Verification for ITR and Fast IT Refund
Government of India is keen to make the Aadhaar Compulsory but due to interruption of Hon’ble Supreme Court, Government is unable to make the Aadhaar Card / Number compulsory straight way. Therefore, Central Government is raising the importance of Aadhaar in positive manner and offering incentives for use of aadhaar. By these positive ways also, government is succeeding in making the Aadhaar Compulsory. In the series of various incentives, Income Tax Department of Govt. of India has also offered an incentive for ‘ Aadhaar Verification for ITR and Fast IT Refund ‘.
To understand this incentive, we will have to understand the procedures of Income Tax Department as regards to online filing of ITR and Income Tax Refund. In small and very few cases, Income Tax Return can be filed offline physically but now, time has gone for such offline filings. Generally, now-a-days Income Tax Returns are filed online compulsorily and otherwise also, maximum other returns are filed online voluntarily. For filing the ITR online, there are total four prevailing systems.
First, file ITR online and send ITR-V to CPC, Bengaluru. Second, file ITR online with e-verification ( for small Returns and Non-refund cases only ) without sending any ITR-V to CPC, Bengaluru. Third, file ITR online with Aadhaar Verification ( for all Returns except Audit Cases) without sending any ITR-V to CPC, Bengaluru. And last fourth, file ITR online with DSC (Digital Signature (for all Returns ) without sending any ITR-V to CPC, Bengaluru.
Thus, in all the refund cases, ITR can be uploaded by Aadhaar verification or by DSC but uploading the Income tax Return with DSC is very costly affair as DSC it self is costly. Therefore, Aadhaar verification is very cheap and easy way to file the ITR online. If, you file your Income Tax Return online with Aadhaar Verification, your ITR will be directly accepted without sending ITR-V and you will get acknowledgement directly. Resultantly, your ITR will be in Que on the very same moment, you file the I.T. Return and you will get the refund very fast. Therefore, all are advised to check their Aadhaar Card and PAN Card whether they are matching with each other or not ?