Evc Generation Using Demat Account

Every taxpayer whose taxable income is above the basic exemption limit mentioned by the Income Tax Act should mandatorily to

file an income tax return each financial year. Filing of income tax returns must be concluded with verification of return. Income tax return filing can be verified by mailing the ITR-V acknowledgement to the CPC in Bangalore or through the EVC mode. In this article, we briefly discuss the process of income tax return e-verification through EVC generation, by using a Demat account.

What is EVC?

Electronic Verification Code, the abbreviation for which is EVC, is a ten-digit alphanumeric code generated by the Income Tax Department to e-verify the income-tax returns of an assessee. Other than through Demat account, EVC can also be obtained through the following means:

E-mail ID and mobile number
Aadhar Card
Net-banking
ATM
Bank account details

Generating EVC Using Demat Account

The following paragraphs outline the procedure for EVC generation through Demat account. EVC can be generated using the details of Demat account in the following manner:

Step 1:- Official website Visit the official e-filing website of the Income Tax Department (/home). Step 2:- Login You will find three options at the top right corner of the page. Select “Login” if you are a registered user, select “Register yourself” if you have not. Step 3:- Login page Enter the username and password, along with the captcha code to login to the account. Step 4:- Profile Setting On the “Profile Setting” drop-down menu on the succeeding page, select “Update Demat Account Details." Step 5:- Generate EVC Now, click on “Generate EVC using Demat Account details." Step 6:- EVC delivered Check your registered e-mail account or mobile number to identify the auto-delivered 10-digit alphanumeric code.

Complete Your E-verification

E-verification of returns must be completed within 72 hours of obtaining the EVC. In the following paragraphs, we examine the procedure for e-verification of returns:

Step 1: Login The procedure to log in is the same as has been specified for the generation of EVC. Step 2:- e-Filed Returns/Forms Select e-filed returns/forms from the “My Account” drop-down menu, which can be found on the same page as “Profile Settings." Step 3:- View returns Now, select the option “Click here to view your returns pending for e-verification” tab. Step 4:- E-Verify The following page will depict the returns which remain to be verified. Click on the E-Verify option that can be found adjacent to the particular return. Step 5:- Choose your option At this step, the taxpayer is required to choose the desired option for completion of the EVC process. Since the EVC has been derived through Demat account, it is apt to choose “Option 1 – I already have an EVC to e-verify my return”. Step 6:- Conclude the process Now, conclude your verification by entering the relevant EVC. With this step, the process of EVC verification is completed.

Back to Learn

Frequently Asked Questions

Common questions about EVC Generation via Demat Account for Tax Return Verification.

An EVC (Electronic Verification Code) is a 10-digit alphanumeric code generated by the Income Tax Department for e-verifying an income tax return filed by an assessee. It is mandatory for taxpayers with income above the basic exemption limit to verify their returns through EVC or other prescribed methods.

Yes, apart from using a Demat account, EVC can also be generated through other means like e-mail ID, mobile number, Aadhaar Card, net banking, ATM, or bank account details.

The EVC must be used for e-verification within 72 hours of its generation. After this period, the EVC will expire, and you will need to generate a new one.

No, a Demat account is not mandatory. EVC can be generated using various other methods as mentioned in the article, such as e-mail ID, mobile number, Aadhaar Card, net banking, ATM, or bank account details.

No, each EVC is unique and can be used to verify only one income tax return. You will need to generate a separate EVC for each return that needs to be e-verified.

If you fail to e-verify your return within the prescribed time limit of 120 days from the date of filing, your return will be treated as invalid, and you may have to face penalties or other consequences as per the Income Tax Act.

No, you need to log in to the official e-filing website of the Income Tax Department using your registered user ID and password to generate an EVC through any of the prescribed methods.

No, there is no specific limit mentioned on the number of times an EVC can be generated. However, it is advisable to be careful while generating an EVC and use it within the stipulated time to avoid any issues.

If you haven't received the EVC on your registered e-mail or mobile number, you can try generating a new EVC or contact the Income Tax Department's helpline for assistance.

No, each EVC is specific to a particular return and assessment year. You cannot use the same EVC to e-verify returns for different assessment years.