Prevalidation

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Finance Professional
15 Points Posted on 17 July 2020
can anyone explain me why prevalidation required in income tax portal, both for demat and bank account
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On 17 July 2020 at 17:00 Report
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Quick Summary
Prevalidation of your bank and demat accounts on the Income Tax portal is essential for a seamless experience. It ensures your income tax refunds are directly credited to your validated bank account. Furthermore, prevalidation enables you to e-verify your income tax returns quickly using an OTP sent to your registered mobile number linked with your bank or demat account.

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Tax and Business Consultant
11616 Points Posted on 17 July 2020
Income tax refund will be directly credited to bank account if your bank account is prevalidated.
U can also e-verify your IT return by OTP on registered Mo No. with bank/demat account, if your demat/bank account is prevalidated
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On 17 July 2020 at 17:39
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281 Points Posted on 17 July 2020
For income tax refund
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On 17 July 2020 at 21:53

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