Understanding e filing

The steps u have understood are correct.

1. When u upload the details of your IT return after creating XML, u are submitting the full details of your income tax return to the department.

2. When u upload, the summary of the same is generated in a doc called ITR V. U have to declare that the details submitted by you are true and correct. This ITR V after signature is to be sent to CPC bangalore.

3. When u send the ITR V, the CPC sends u a email acknowledging the receipt of the ITR V.  U have to ensure that all details are correctly entered in ITR.

4. Steps 2 and 3 above can be skipped if u sign the return before uploading with a digital signature. Digital signature is exactly what the name suggests!. ur signature in a digital form. It consists of a unique combination of digits which is related to you by some means like ur PAN etc.  

If u sign digitally, there is no need to send the ITR V to Bangalore.

Good day :-)