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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

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. The Income Tax Department (ITD) had previously announced that they will only issue e-refunds from 1st March 2019.

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Steps To Prevalidate Bank Account Details

  1. Visit the Income Tax e-Filing portal

    Log in to the Income Tax e-Filing Portal using valid credentials. Click on Profile Settings > Prevalidate Your Bank Accountse-Filing Portal Dashboard

  2. Prevalidate Form

    A “Pre-Validate Form” will be displayed in case no accounts exist. If an account exists and you wish to add another one, click on “Add.”Income Tax e-Filing Portal - Prevalidate Bank Details

  3. Prevalidate after entering the required details

    Enter the required details such as PAN number, Name as in PAN, Bank Account Number, etc in the respective fields. The fields marked with a red asterisk are mandatory fields. Once the details are filled, click on “Prevalidate.Income Tax e-Filing Portal - Prevalidate Bank Account Form

Entering the E-mail ID is optional, but if you do so, it will be validated with the bank. The status of the request will be sent to the E-mail ID registered with the e-Filing Account. The status of the request can be viewed at the Prevalidate Bank Details page. If the validation process has failed, the information will be reflected on the same page. Furthermore, you can add/remove bank accounts after 24 hours of completing this process.

Additionally, the Electronic Verification Code (EVC) can be enabled for the validated bank account by validating the mobile number (Mandatory) and email ID (optional) with the bank. A taxpayer can use the ‘Enable EVC’ button for the same by selecting any one of the validated bank accounts from the list. EVC can be enabled for only one bank account at any point in time. In case the user tries to enable EVC for another valid account then, the EVC option will no longer be available in the existing account. The “Enable EVC” option is only applicable to individual taxpayers.

FAQs

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.

What happens when ITR isn’t e-verified?

The Income Tax Department (ITD) treats the ITRs filed but not verified as invalid. If an Individual doesn’t verify his/her ITR, It will be treated as if he/she has not filed the ITR for a particular assessment year. In order to complete the ITR filing process,  an individual is required to verify it.

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.

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