What Happens If Income Tax Return Is Filed But Not Verified? Complete Guide

Learn why verifying your income tax return is crucial. Filing without verification can invalidate your return and lead to notices from the tax department.

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Filing your income tax return without carrying out the verification process renders your filing invalid. Within 120 days of filing, you must verify your return through Aadhaar OTP, net banking, bank account, or demat account to complete the process. If not verified, the return is treated as if it was never filed, putting you at risk of receiving a notice from the income tax department for non-filing, and potentially losing out on refunds or carrying forward losses.

FAQs & Answers

  1. What are the methods to verify an income tax return? You can verify your income tax return using Aadhaar OTP, net banking, bank account number, or demat account within 120 days of filing.
  2. What happens if I do not verify my income tax return? If the return is not verified within 120 days, it is treated as not filed, which may lead to notices from the income tax department and loss of refunds or carry forward losses.
  3. Can I verify my income tax return after 120 days? No, the income tax department requires verification within 120 days. An unverified return is considered invalid, and you may need to file a fresh return.