7 Steps to e-Verify Income Tax Return Through Demat Account

As you know from the previous article that it is the choice of the assesee to do e-Verification of Income Tax return. There are total six ways to do e-Verification of ITRs. Here is one of the way we will discuss in detail i.e. e-Verification of Income Tax Return Through Demat Account.

You can verify return by providing demat details like DP and Client ID, depository type, email Id and mobile number on tax portal.

Step 1: Login to your account at e-filing portal. Go to e-file menu on your account dashboard. Click on it, scroll through drop down menu and Select Upload Return (if not filed earlier), upload tax return as XML file.

Step 2: After uploading return and pressing submit, you will see a page with 4 options on e-verify return page. Choose option 2- I do not have an EVC and I would like to generate EVC to e-verify my return, and click on it.

If your total income is below 5 lakhs and you no refund claims, you will see a screen with 4 different ways of generating a fresh EVC. If your total income is 5 lakhs and above or you have refund claims of Rs 100 or more, you will see a screen with 3 different ways of generating a fresh EVC. In any of the case, Click on EVC- Through Demat Account Number.

e verification of income tax return through demat accountIf you have not validated Demat Account Number, following screen will appear:

itr verification demat accountStep 3: Click on Pre-validate your Demat Account tab and you will be taken to Demat details page. Fill your details accordingly and Click Pre-validate.

demat account itr verificationStep 4: You will get a message of successful validation. Following pop-up will be displayed – Click on Yes to generate EVC and you will get another success message. Enter the code from your SMS in text box.

itr verification through demat accountStep 5: Enter the code from SMS below:

Step 6: Enter the EVC in the box and click Submit to e-verify your return. If verification is successful , following screen will appear:

income tax return e verify through demat accountStep 7: Download the Acknowledgement and save it. No further action is required at your end.

You can also use the following methods to e-Verify Your income tax return. If you find any difficulty to use demat account e-Verification.

  1. e-Verification through EVC (Mobile Number and e-mail) (Click here to Know More)
  2. e-Verification through Aadhaar OTP (Click here to Know More)
  3. e-Verification through net banking (Click here to Know More)
  4. e-Verification through Bank Account (Click here to Know More)
  5. e-Verification through Bank ATM (Click here to Know More)
  6. By sending Physical ITR-V (Click here to Know More)

About the Author

arpit goyalArpit Goyal is pursuing CA and B.com & also working as an article assistant in Gurgaon. He has an immense interest in Taxation. He loves to use technology to spread knowledge about taxation & accounts.

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