A new facility is made available to all the tax payers, where they can pre-validate bank details through income tax site to file income tax returns.
As of now, Punjab National Bank is eligible for this process, other banks are yet to take initiative. Earlier, we have seen 4 ways to generate EVC to file income tax returns.
Simple steps to pre-validate Bank Account:
1. Visit Income tax site
2. Login using PAN card and other details
3. Under profile setting click Pre validate bank account
4. Select the bank ( only PNB is available for now)
5. Enter bank account number, IFSC code
6. Mobile number and E mail ID
7. Click prevalidate
If only details are confirmed by the bank, the details will be validated and then EVC can be generated through this option. EVC will be received on your number.
EVC can be generated using Demat account
The procedure is same for validating through Demat account. EVC will be generated after DEMAT account authentication using demat details registered with NSDL, CDSL Data base.
- Demat Account Number
- Email ID
- 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.
Once the process is successful generate EVC using Demat Account details option for verification of ITR.
EVC will be sent to taxpayers contact number and mail ID registered at NSDL/CDSL.