E-Verify ITR through Demat Account: Complete Guide

Stock traders and investors have a unique verification option available to them. Demat ITR verification allows you to use your pre-validated demat account to complete the e-verification process. If you already trade in the stock market, this method offers convenience without requiring Aadhaar OTP or net banking.

Prerequisites for Demat ITR Verification

How to Pre-Validate Demat Account

Before you can e verify ITR demat, complete the pre-validation process on the Income Tax e-Filing Portal.

Step 1: Login to the income tax e-filing portal using your PAN

Step 2: Go to Profile > My Profile > Pre-validate Demat Account

Step 3: Select your depository: NSDL or CDSL

Step 4: Enter your Depository Participant ID (DP ID)

Step 5: Enter your Client ID/Beneficiary Owner ID (BO ID)

Step 6: System verifies details with NSDL/CDSL database

Step 7: Upon successful validation, status shows "Pre-validated"

NSDL vs CDSL: Understanding the Difference

Step-by-Step: E Verify ITR Using Demat Account

Step 1: Login to the E-Filing Portal

Step 2: Access E-Verify Return Option - Go to e-File > Income Tax Returns > e-Verify Return

Step 3: Select Your ITR - Click on the ITR you want to verify

Step 4: Choose Demat Account Option - Select EVC through pre-validated Demat Account

Step 5: Generate EVC - System sends EVC to your mobile/email registered with depository. Valid for 72 hours.

Step 6: Enter EVC and Submit - Enter the EVC received. Click Submit to complete verification.

Step 7: Download Updated Acknowledgement - Download acknowledgement showing "e-Verified" status.

For professional assistance with ITR filing and verification, consider Income Tax Return Filing services from Patron Accounting.

Conclusion

Demat ITR verification offers a convenient option for active traders and investors. Whether your account is with NSDL or CDSL, the process is straightforward. Complete the one-time pre-validation, then verify any return in minutes.