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ITR-V vs ITR-Acknowledgement AY 2020-21

ITR-V vs ITR-Acknowledgement AY 2020-21


The Taxpayers are required to verify their ITR-V i.e. the Income Tax Return Verification Form in order to get Income Tax Return (ITR) Acknowledgement to complete their process of filing of Return of Income for the AY 2020-21.

ITR filing process for AY 2020-21

Upon successful submission of Income Tax Return for AY 2020-21, the taxpayer will receive ITR-V on their registered e-mail Id as shown in the image.

ITR-V income tax return verification form AY 2020-21

In order to verify the Filed Income Tax Return, the Taxpayer has two options available i.e. either through sending the physical signed copy of the ITR-V i.e. the taxpayer is required to send the duly signed Form ITR-V to “Centralized processing Centre” CPC, IT Department so as to reach within 120 days from the date of submission of Income Tax Return (ITR).

Else, the taxpayer can select the e-verification option using Aadhaar based OTP, or by using Net banking Login or EVC Obtained through Pre-validated Bank Account/ Demat Account or they can verify through EVC generated through Bank ATM.

ITR-V shall not be received in any other office of the Income Tax Department or in any other mode as prescribed. Upon receiving the ITR-V, the confirmation of receipt of ITR-V will be sent the respective assessee to their registered email id.

Only upon successful verification, the Income Tax Return Acknowledgement can be downloaded from the e-filing portal as proof of completion of the process of Filing of the Income Tax Return.

income tax return acknowledgement

 Now let’s see how the Income Tax Return Acknowledgment is different from the ITR-V. Suppose the assessee opted for the e-verification of ITR using Aadhar based OTP.

Upon successful e-verification of ITR, the Transaction ID will be generated and the same will be intimated to the assessee via registered email.

Important Note:

In case of SUCCESSFUL e-verification, Acknowledgement will be sent else ITR Verification will be sent, which means only if it gets successfully verified then only Acknowledgement gets generated and on failure, the taxpayer will get the ITR-V for again verification of the said return.

Now the process of your Income Return is completed for AY 2020-21.

CA Devesh Thakur



  1. Hi,
    Under return, you have return, return cancellation and cancellation, can you explain their meanings. Since while taking return cancellation it shows positive value meaning sales and the same order is showing in sales too, it creates a double sales instead of one. Can you light this


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