News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Direct Tax »
 Deadline For Filing Income Tax Return (ITR) Is Just 9 Days Away: 10 Latest Details To Know
 Direct tax committee calls for major changes to reassessment rules
 Direct Tax Code: All you need to know about govt panel's recommendations
 Completed ITR filing, what next?
 How to show your trading and F&O income in the tax returns?
 ITR forms with pre-filled investment data soon
  You might need to maintain tax returns records for seven years
 How improper investments may result into additional tax payable Income Tax Return 2019a
  Will a new direct tax law push up compliance?
 You might need to maintain tax returns records for seven years
 ITR filing: Common mistakes that could get you an income tax notice

E-filing vault makes your tax e-filing account safer
July, 03rd 2017

Almost all your dealings with the tax department—such as filing tax returns, replying to tax notices, and tracking your refunds—can be done through the income tax department’s e-filing website www.incometaxefiling.gov.in. For this, you need to have an account on the website. However, having all the information online can leave you vulnerable to frauds. Therefore, security of your tax filing account—which has all your vital financial information—is of utmost importance. While the e-filing website is secure, you or anyone else can login to it using details such as your Permanent Account Number (PAN), date of birth and password. This is where the e-filing vault comes in and adds a second layer of authentication, to prevent unauthorised access to your account.

Additional security
E-filing accounts contain details such as your PAN, address, bank details, tax deducted at source, income tax returns filed, and movable and immovable assets if your taxable income is more than Rs50 lakh a year. The e-filing vault helps keep this information secure, because it adds a second layer of authentication apart from login ID and password. The dual-factor authentication ensures a higher degree of security. This facility is similar the process of authenticating banking transactions using one-time passwords (OTPs) or a specified digits from your card.

To use the e-vault facility, you need to login to your tax e-filing account and under the ‘Profile settings’ tab, go to ‘E-filing Vault–higher security’. Click this option and then login using any one of the more secure methods, such as: Aadhaar linkage to generate OTP; Net banking; demat account electronic verification code (EVC), bank account EVC, or Digital Signature Certificate (DSC). Once you choose your mode, the next time you login, an additional check of OTP using Aadhaar net banking, bank or demat account or DSC will be applicable. For example, if you choose net banking, you would need to login to your net banking account to access the e-filing portal. For using options like Aadhaar, DSC, bank or demat account, you need to register these details with your e-filing account.

Managing the vault
On the same ‘E-filing vault—higher security’ page, you can choose how you would like to reset your password if you forget it. All the above-mentioned options for adding a layer of security to the login process are also available changing passwords. One can choose the process of resetting the password using one or more options of these options. This is to ensure that no one else can reset your password, even if the secret question answer or e-filing OTP is known.

To deactivate this secure login, go to ‘Profile settings’, click ‘E-filing vault—higher security’ and deselect the ‘Login through- Aadhaar linkage to generate OTP; Net banking; Demat Account EVC, Bank Account EVC, or DSC’ option. When you click ‘Proceed’, you would have deactivated secure login.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions