ITR filing: 5 terms you must be aware of to know the status of your income tax return – Financial Express

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  • Last Updated on 27 October, 2020

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(By CA Naveen Wadhwa, DGM, and CA Rahul Singh, Manager, Taxmann.com)
 
Even after filing your income tax return, your worries may not end. Taxpayers are expected to verify their returns and the Income Tax Department is supposed to process them. If nothing has been suppressed from disclosing in the ITR and the I-T Department doesn’t find any error or omission in the return, one can heave a sigh of relief.
 
Verification of income tax return is a declaration by the taxpayer that the details have been furnished in the ITR with his consent and he approves of its submission to the Department for processing. Verification of return is mandatory to get it accepted and processed by the Centralized Processing Centre (CPC) of the Income-Tax Department.

 
 

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