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

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Maharshi Shah

Bank Account
Income Tax Account
Pre-Validate Account
Verify Bank Account
Last updated on July 27th, 2021

Why do we have to Prevalidate our Bank Account?

Taxpayers receive their Income Tax Refund in their prevalidated bank accounts. They receive a refund after the ITR has been successfully filed. Taxpayers should also link their PAN to their bank account. If they fail to do so, they won’t receive the Income Tax Refund in their bank account. Hence, it is necessary to prevalidate their bank account. The Income Tax Department (ITD) had previously announced that they will only issue e-refunds from 1st March 2019. The service of “My Bank Account” offers the following services post login on the new IT portal:

Prerequisites

Steps To Prevalidate Bank Account Details

  1. Log in to the e-Filing Portal

    Login to the e filing portal using your user ID and password.

  2. My Profile

    Click on the option of profile from the top right.

  3. Bank Account

    Click on the Bank Account option.www.incometax.gov.in - My Bank Account

  4. My Bank Accounts Page

    On the My Bank Accounts page, the Added, Failed and Removed Bank Accounts tabs will be displayed.www.incometax.gov.in - My Bank Accounts

Nominate a Bank Account for Refund from Multiple Bank Accounts

www.incometax.gov.in - Nominate Bank Account for Refund
www.incometax.gov.in - Confirm Nomination of Bank Account

FAQs

How do I pre-validate 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.

Why do I need to pre-validate my bank account?

Only a pre-validated bank account can be nominated to receive Income Tax refund. 
Further, a pre-validated bank account may also be used by the individual taxpayer for enabling EVC (electronic verification code) for e-Verification purpose. e-Verification can be used for Income Tax Returns and other Forms, e-Proceedings, Refund Reissue, Reset Password and secured login to e-Filing account. 

Can I validate and nominate multiple bank accounts for refund?

Yes. You can pre-validate multiple bank accounts, and can nominate more than one bank account for Income Tax refund.

How do I know that the pre-validation is successful? What should I do if it is unsuccessful?

The status of the validation request will be sent to your mobile number and email ID registered with the e-Filing portal. If the validation fails, the details are displayed under Failed Bank Accounts. The failed bank accounts can be re-submitted for validation in case of failed bank pre-validation: Click Re-Validate for the bank in the Failed Bank Accounts section.

Got Questions? Ask Away!

  1. Hey @TeamQuicko

    Can you tell me about ITD’s new ITR filing utility for AY 2021-22?

  2. Hey @HarshitShah

    To improve the tax filing process, the Income Tax Department has decided to do away with the excel and java-based utility and has launched a new offline JSON-based utility for the AY 2021-22. The new utility will help taxpayers import prefilled data and edit it before filing the income tax return (ITR).

    The taxpayers can download the pre-filled data from the income tax e-filing portal and fill in the rest of the data. This imported prefilled data can be edited to change basic information such as address and all. Currently, the utility can be used to file ITR1 to ITR 4. ITD has also released a step-by-step guide to using the utility.

    Hope this helps! :slight_smile:

  3. Is it possible to file ITR online without an account on the Income Tax e-filing portal?

  4. What should be done in case of discrepancies in actual TDS and TDS credit under Form 26AS?

  5. Hey @Amitabh_Verma

    It is mandatory to create an account on the Income Tax e-filing portal to file your ITR online. It is a hassle-free quicko process. One can register on the portal by providing relevant details such as user type, PAN, first name, surname, date of birth, and fill in the registration form.

  6. Hey @Niraj

    Many times mismatches and discrepancies in actual TDS and TDS credit under Form 26AS happen because of wrong information provided in the TDS return. One can approach the employer/deductor to file a revised TDS return after making the necessary corrections.

    The income-tax department allows an assessee to mention the reason for mismatch in the online portal in answer to a notice sent by them.

    Hope this helps! :slight_smile:

  7. Hi, actually I filed ITR 1(A.Y. 2013-14) due to notice served in Jan month.

    The ITR is pending for verification. Ask the options aren’t available for me client i.e Aadhar verification,evc etc. Only thing is I got my clients DSC. but option of DSC for e-verification is not showing. I can’t send CPC to Bengaluru since it will take time. How can I use DSC to e-verify my already filed return

  8. Hi @Arsheen

    The option to e-verify ITR using DSC is to be selected while filing. Once you have filed your ITR only option available for e-verification is EVC/Aadhar OTP or sending ITR V to CPC Bangalore. You have 120
    days from the date of e-Filing to e-verify your ITR.

    So if 120 days are not over you can send the signed ITR V to CPC Bangalore to get it e-verified and processed.

    Hope this helps :slightly_smiling_face:

  9. Hi @Sharath

    It is suggested to file ITR as NRI in India if you have trading transactions even if there are losses.
    If you do not file ITR then there are high chances of your PAN getting flagged by the IT department for non-filing of ITR.
    Also, If you file the ITR on time you can take benefit of carry forwarding the losses and setting off those losses against the profits in future years.

  10. One of a female person source of income details mentioned below in f.y.20-21.
    1.income from home tuitions rs:1,20,000/-
    2.interest income from cash debtor rs:50,000/-
    2.cash gift from mother rs:1,50,000/-
    Question:
    Assess it returns filed mandatory in f.y.20-21.

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