What Happens If a Tax Return Is Submitted but Not Verified?
Learn the consequences of submitting a tax return without verification and how to verify it within 120 days to avoid penalties or rejection.
180 views
If a return is submitted but not verified, it's important to act promptly. Typically, you have a 120-day window to verify your return post-submission to avoid its invalidation. You can verify your return electronically through the e-filing system, using an Aadhaar OTP, or through your bank account, depending on the specific instructions provided by the tax authority. Failure to verify can lead to your return being considered non-filed, which can attract penalties or missed refunds. If you encounter issues, contact the tax authority directly for guidance.
FAQs & Answers
- What if I submit my tax return but forget to verify it? If you submit your tax return but do not verify it within 120 days, your return may be treated as invalid, leading to penalties or rejection of any refunds.
- How can I verify my tax return electronically? You can verify your tax return electronically using methods like Aadhaar OTP verification, net banking through your bank account, or other e-filing system options provided by the tax authority.
- What are the consequences of not verifying a submitted tax return? Failure to verify a tax return can result in the return being considered non-filed, which may trigger penalties and delay or deny tax refunds.