How To Prevalidate The Demat Account On The Income Tax e-Filing Portal?

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Maharshi Shah

Demat Account
Income Tax Account
Pre-Validate Account
Verify Demat Account

It is mandatory to verify the Income Tax Return (ITR) after the user has filed it. The Income Tax Department (ITD) starts processing the return after the verification process is complete. The ITD has given various methods to verify returns. The taxpayer can either verify their return electronically or physically. e-Verifying returns through a Demat Account is one of the methods. Furthermore, the verification process involves generating an Electronic Verification Code (EVC). Therefore, it is important to prevalidate the Demat Account to generate the EVC.

e-Verify ITR using Demat Account
Here are the steps to e-Verify ITR using the demat account
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e-Verify ITR using Demat Account
Here are the steps to e-Verify ITR using the demat account
Read More

Steps To Pre-Validate Demat Account

  1. Visit the Income Tax e-Filing portal

    Access the Income Tax e-Filing portal and log in using valid credentials. Click on Profile Settings > Prevalidate Your Demat Accounte-Filing Portal Dashboard

  2. Important details

    Details such as PAN number and Name are already pre-filled. There are two options in the Depository Type drop-down list. One is the NSDL and the other is the CDSL.

  3. In Case of NSDL

    Select the NSDL option from the Depository Type drop-down. Enter the details in the respective fields. In this case, the DP ID and the Client ID is considered as Demat Account Number. The fields marked with the red asterisk are mandatory fields.
    Click on the “Prevalidate” option.Pre-Validate Demat Account - NSDL

  4. In Case of CDSL

    Select the CDSL option from the drop-down. Enter the details such as Demat Account Number, Mobile Number, and E-Mail ID in the respective fields.
    Click on the “Prevalidate” option.Pre-Validate Demat Account - CDSL

  5. Success message

    After completing the above steps, a success message will appear on the screen. If you wish to generate an EVC, click “Yes.”Income Tax Portal - Pre-Validate Success Message

FAQs

How do I generate EVC through Demat account?

EVC can be generated through your Demat account only if your details are validated by your depository. Go to “Generate EVC” > “Generate EVC through Demat account”. An EVC will be sent to your registered mobile number.

How do I know what my Demat account type is?

If your Demat account number starts with alphabets then it is provided by NSDL. While if your Demat account number starts with Numerics then it is provided by CDSL.

How do I pre-validated my bank account for e-Verification?

Before e-Verifying ITR through a bank account, you first need to make sure that your bank account is pre-validated. For pre-validation, you have to select your bank name, enter the bank account number, Account type, IFSC code and your registered mobile number and prevalidate. Note that, for the pre-validation, your name, PAN and mobile number must match with the bank records.

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