ITR-V Verification Case Study for FY 2024–25

Many taxpayers complete their income tax return filing but miss the final step — ITR-V verification. This often leads to refunds getting stuck, notices from the department, or the return being treated as invalid. The following case study explains how timely ***ITR-V*** verification, along with smart tax planning for FY 2024–25, helped a professional avoid these issues and optimise tax outcomes.

Profile of the taxpayer

Aarav Kulkarni is a 34-year-old independent IT consultant based in Pune. He provides software implementation and advisory services to Indian and overseas clients. Aarav manages his taxes on his own and prefers digital compliance to avoid paperwork and delays.

Income details for FY 2024–25

Aarav’s income is stable, but his receipts cross basic exemption limits, making proper return filing and verification essential.

Tax planning decisions taken

Aarav planned his taxes early in the year instead of waiting until filing time. His focus was on legitimate deductions and ensuring smooth processing after filing.

Tax computation after planning

The ITR-V issue

Aarav filed his return well before the due date but overlooked the ITR-V verification step. Since e-verification was not completed within the prescribed time, his return status remained “submitted but not verified,” and the refund was not processed.

How the issue was resolved

Aarav completed Aadhaar-based OTP verification immediately after noticing the status. The return was successfully verified, acknowledged by the Income Tax Department, and moved to processing without any further action required.

Outcome and learning

Within a few weeks of verification, Aarav received his refund directly in his bank account. More importantly, he avoided the risk of his return being treated as invalid, which could have resulted in loss of deductions and future compliance issues.

This case highlights that filing the return is only half the job. ITR-V verification is equally critical, especially for professionals expecting refunds or carrying forward losses. For FY 2024–25, combining early tax planning with timely ITR-V verification ensures smoother processing, faster refunds, and complete peace of mind.