After Punjab National Bank and United Bank of India, more banks are likely to soon start a facility wherein an account holder can verify his income tax return on e-filing site even without having netbanking.
Electronic Verification Code (EVC) can be generated by pre-validating the bank account on the e-filing portal of the Income Tax Department.
“PNB and UBI have launched this facility which will facilitate the account holders, who may not have a netbanking account, to e-verify their return. Other banks are expected to launch this facility,” the Central Board of Direct Taxes (CBDT) said. It also said EVC can be generated by pre-validating a Demat Account on the e-filing portal.
“NSDL and CDSL have launched this facility which will facilitate the account holders to e-verify their return,” it said.
Customers of State Bank of India, Axis Bank and Canara Bank can generate EVC through the respective bank’s automated teller machines. Other banks are also expected to offer this facility soon, the tax department said.
As per the latest data, the e-verification facility of IT returns was used by over 75.3 lakh taxpayers till August 5 against 32.95 lakh taxpayers last year till September 7, 2015. Of these, Aadhar based e-verification was used by 17.68 lakh taxpayers during the current year. — PTI