How to e-Verify ITR using Demat account?

An income tax return is a document filed in accordance with the terms of the Income Tax Act that reports one's income, profits and losses, and other deductions, as well as information regarding a tax refund or tax debt. ITR filers must assure e-Verification of their income tax returns. E-verification of an ITR is required since it completes the return filing process; if it is not completed within the time frame specified, an ITR is considered invalid. Taxpayers can use the electronic verification code (EVC) option to e-Verify their ITR. To complete the procedure, visit the e-filing portal and provide an Aadhaar number.

The final stage in the filing procedure is to verify your income tax return (ITR), which must be completed within 120 days or the ITR will be invalid. Here is a step-by-step guide to e-verifying your income tax return using a Demat account.

What is EVC?

An Electronic Verification Code (EVC) is a 10-digit alphanumeric number that is provided to your registered mobile phone to electronically verify an item, login to the e-Filing site, or reset password. The EVC can be used to electronically verify an item (e-Verify statutory forms, e-Verify Income Tax Returns, e-Verify Refund re-issue request, answer to any notification), access to the e-filing site, or reset password.

How to e-verify the income tax return using Demat Account?

Step 1: Go to the e-Filing portal's webpage.

Step 2: On the e-Verify screen, click Proceed after selecting Via Demat Account.

Step 3: In the Input EVC textbox, enter the EVC obtained on your mobile number and email address associated with your demat account, and then click e-Verify.

Step 4: A success message page containing a Transaction ID and EVC is shown. Remember to keep the Transaction ID and EVC on file safe for future reference.

Step-5: You will also receive a confirmation message on your registered email address and cellphone number on the e-Filing portal.