ITR-V means the verification of your income tax return.
The income tax department begins processing your IT return only after you are done with these two steps:
- E-filing your tax return
- Verifying this tax return
You can start filing the income tax return here if you haven't already.
Income tax return verification is very important for several reasons. For instance, you cannot claim a tax refund unless the return filed by you has been verified.
ITR verification can be done both online and offline. Continue to read here to know more about ITR-V.