Income tax department of India has launched automatic teller machine (ATM) based validation system for electronic filing of income tax returns. This facility is to boost the paperless regime of filing annual IT returns.
Electronic verification code will be generated by pre-validating in the ATM of the bank, where the taxpayer has an account. State bank of India (SBI) currently has this facility while other banks will be launching it soon.
The IT department introduced bank account based validation facility to be more helpful for those who do not have internet banking To avail the facility login to the official website of the income tax department and start over after receiving one time password (OTP) verification through Aadhar number.

These measures saves the taxpayers time and reduces the cumbersome process of sending the paper based ITR-V by post to the central processing center (CPC) for verification.Filing income tax return is essential as they are required in various situations like applying for a housing loan or credit card. It serves as a proof of income in such cases. Any citizen who pays tax has to file returns. Failing to file returns in time will lead to penalties. A minimum INR 2.5 lakhs per annum earning person has to pay taxes.There are various ITR forms based on the profession and the income earned by a person. Thus one must take care while filling out the application.Income tax department scrutinizes the forms submitted and any discrepancy in data might lead to legal action or