HomePersonal FinanceIncometaxTaxpayer can now e-verify ITR using DEMAT and bank account

Taxpayer can now e-verify ITR using DEMAT and bank account

ITR

The Income tax department recently has introduced two additional modes of Electronic Verification of ITR. Now you will be able to verify your ITR by giving DEMAT or bank account details to income tax website. Details about additional modes of generation of EVC is given below.

e-verify ITR using DEMAT and bank account

By Giving Bank Details to e-filing website eportal.incometax.gov.in

Under this option, a facility to pre-validated Bank account details will be provided to the assessee under Profile Settings menu in e-filing website incometaxindiaefiling.gov.in

  • The tax payer has to provide following bank account details.
  1. Bank Account Number
  2. IFSC Code
  3. Email ID
  4. Mobile Number
  • These details provided by taxpayer along with PAN and name as per e-filing database will be validated against the details of taxpayer registered with the bank.
  • On successful pre-validation assessee can opt for “Generate EVC using Bank Account details option” for verification of ITR.
  • Generated EVC shall be sent to taxpayers email id and/or mobile number verified from the bank.

Also Read – 25 Common Income Tax mistakes to avoid while filing ITR

By Giving DEMAT account details to the e-filing website.

Under this option, EVC will be generated after DEMAT account authentication using demat details registered with NSDL, CDSL Data base. A facility to pre-validated Demat account details will be provided to assessee under Profile Settings menu in e-filing website incometaxindiaefiling.gov.in

  • The tax payer has to provide following Demat account details.
  1. Demat Account Number
  2. Email ID
  3. Mobile Number
  • These details provided by taxpayer along with PAN and name as per e-filing database will be validated against the details of taxpayer registered with NSDL/CDSL.
  • On successful pre-validation assessee can opt for “Generate EVC using Demat Account details option” for verification of ITR.
  • Generated EVC shall be sent to taxpayers email id and/or mobile number verified from NSDL/CDSL.

The other modes of generating Electronic Verification Code and e-verifying your Income tax Return (ITR) are Aadhar Card and OTP, Net banking, ATM, E-filing website.

For additional information please go throughElectronic Verification Code (EVC) for Income Tax Return

This information is as per latest notification by CBDT released on 19th Jan,2016 on EVC.

Shitanshu Kapadia
Shitanshu Kapadia
Hi, I am Shitanshu founder of moneyexcel.com. I am engaged in blogging & Digital Marketing for 10 years. The purpose of this blog is to share my experience, knowledge and help people in managing money. Please note that the views expressed on this Blog are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment , tax, financial advice or legal opinion. Please consult a qualified financial planner and do your own due diligence before making any investment decision.