How Electronic Verification Code works: EVC Benefits

In the digital age, online transactions security and authenticity should be ensured. One such security measure employed by various organizations, including tax authorities, is the Electronic Verification Code (EVC). This system provides a secure and efficient way to verify identity and authenticate documents. Let’s delve into how Electronic Verification Code works and why it’s important. 

What is an Electronic Verification Code? 

An Electronic Verification Code is a unique code generated to verify a person’s identity. This code can be used for online transactions, document authentication, and verification processes, ensuring that the individual completing the transaction is indeed who they claim to be. The EVC is typically sent to the registered mobile number or email address of the individual. 

How Electronic Verification Code works?

• Generation of EVC:
  • When an individual initiates a transaction that requires verification, the system generates a unique EVC.
  • This code is created using an algorithm that ensures its uniqueness and security. 
• Delivery of EVC:
  • The generated EVC is sent to the individual via their registered mobile number or email address.
  • This step ensures that only the person with access to these communication channels can receive the code. 
• Entering the EVC:
  • The individual enters the received EVC on the verification page of the transaction or document.
  • This step confirms their identity and approves the transaction or document. 
• Verification Process:
  • The system checks the entered EVC against the code it generated.
  • If the codes match, the verification is successful, and the transaction or document is authenticated. 
• Completion of Transaction:
  • Once the EVC is verified, the transaction or document process is completed, providing an added layer of security and authenticity. 

What are the benefits of Electronic Verification Code?

• Enhanced Security:
  • EVC adds an extra layer of security to online transactions, reducing the risk of fraud and unauthorized access. 
• Convenience:
  • It simplifies the verification process, allowing users to authenticate transactions quickly and easily without the need for physical documents. 
• Cost-Effective:
  • EVC reduces the need for physical verification methods, saving time and resources for both organizations and individuals. 
• Accessibility:
  • By using mobile phones or email, EVC ensures that the verification process is accessible to a wide range of users. 

What are the applications of Electronic Verification Code?

• Income Tax Filing:
  • One of the most common uses of EVC in India is for e-verifying income tax returns.
  • Taxpayers can generate an EVC through various methods such as bank ATM, net banking, or the income tax department’s website, and use it to verify their returns online. 
• Banking Transactions:
  • EVC is used by banks to authenticate high-value transactions, ensuring that the person making the transaction is the account holder. 
• Document Verification:
  • EVC can be used to verify important documents like legal agreements, contracts, and educational certificates, ensuring their authenticity. 

How to generate EVC for Income Tax Filing?

• Through Net Banking:
  • Log in to your net banking account and navigate to the income tax e-filing section.
  • Select the option to generate EVC, and it will be sent to your registered mobile number and email. 
• Through Bank ATM:
  • Visit an ATM of your bank, select the option for income tax filing, and generate the EVC, which will be sent to your registered mobile number. 
• Using Aadhaar:
  • Link your Aadhaar with your mobile number and generate the EVC through the income tax department’s e-filing portal by choosing the Aadhaar OTP option. 
• Income Tax E-filing Portal:
  • Log in to the income tax e-filing portal, select the option to generate EVC, and choose the mode of delivery (mobile number or email). 

Process to Generate EVC on New Tax Portal

The Electronic Verification Code is a unique code used to electronically verify income tax returns on the new Income Tax e-filing portal.

Here is a step-by-step guide on how to generate EVC: 

• Step 1: Log in to the official portal of Income Tax e-Filing 
  • Visit the Income Tax e-Filing portal. 
  • Click on the ‘Login’ button at the top-right corner of the homepage. 
  • Enter your User ID (PAN), password, and Captcha code. 
  • Click ‘Login’ to access your account. 

• Step 2: Navigate to ‘e-Verify Return’ 
  • Once logged in, go to the ‘My Account’ tab. 
  • Click on ‘e-Verify Return’ from the drop-down menu. 

• Step 3: Select the Return to be Verified 
  • Filed returns list will be displayed. 
  • Select the return you wish to e-verify. 

• Step 4: Choose the EVC Generation Method
  • Through Net Banking: 
    • Log in to your net banking account. 
    • Find and click on the ‘e-Filing’ option. 
    • This will redirect you to the e-Filing portal. 
    • Generate the EVC, which will be sent to your registered mobile number and email. 
  • Using Bank Account: 
    • On the e-Filing portal, ensure your bank account is pre-validated. 
    • Select the ‘Generate EVC through Bank Account’ option. 
    • On to your registered mobile number and email, The EVC will be sent. 
  • Using Demat Account: 
    • Ensure your Demat account is pre-validated on the e-Filing portal. 
    • Select the ‘Generate EVC through Demat Account’ option. 
    • The EVC will be sent to your registered mobile number and email. 
  • Using Aadhaar OTP: 
    • Ensure your Aadhaar is linked to your PAN and mobile number. 
    • Select the ‘Generate EVC through Aadhaar OTP’ option. 
    • To your registered mobile number, an OTP will be sent. 
    • Enter the OTP to generate the EVC. 
  • Through Bank ATM: 
    • Visit an ATM of a bank that provides EVC generation. 
    • Insert your ATM card and select the ‘Generate EVC for Income Tax Filing’ option. 
    • The EVC will be sent to your registered mobile number. 

• Step 5: Enter the EVC 
  • Once you have received the EVC via your chosen method, return to the e-Filing portal. 
  • Enter the EVC in the appropriate field on the ‘e-Verify Return’ page. 
  • Click ‘Submit.’ 

• Step 6: Confirmation of Verification 
  • After submitting the EVC, a confirmation message will appear indicating that your return has been successfully e-verified. 
  • You will also receive a confirmation message via email and SMS to your registered email address and mobile number. 

Conclusion 

In conclusion, how Electronic Verification Code works is a robust and secure method for verifying online transactions and documents. Its application across various fields, from tax filing to banking, highlights its importance in ensuring the integrity and security of digital processes. Individuals and organizations can leverage this tool to enhance their digital security and streamline their verification processes. 

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