Refund

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shyam (Querist)
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06 July 2015 a company received a cheque from income tax department for refund of tax excess paid. But the bank account no mentioned in cheque is closed by us 3 month back.

How we can we encash that cheque.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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06 July 2015 Make a refund reissue request by quoting the active bank account and return the cheque.

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CMA Gul S

CMA Gul S (Expert)
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06 July 2015 You need to apply with new bank details to the ITO and request for issue of a fresh cheque.

Recent change is that all the refunds will be directly credited to the bank accounts that are been provided in ITR

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shyam

shyam (Querist)
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07 July 2015 Can u please share format of letter for this

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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20 July 2025 Sure! Here's a simple format for a Request Letter to Income Tax Department for Reissue of Refund Cheque / Direct Credit of Refund due to change in bank account:

[Your Company Letterhead]

Date: [DD/MM/YYYY]
To,
The Income Tax Officer,
[Ward / Circle Address],
Income Tax Department,
[City].

Subject: Request for Reissue of Income Tax Refund / Direct Credit to Updated Bank Account

Respected Sir/Madam,

We refer to the refund cheque no. [Cheque Number] dated [Cheque Date] issued by the Income Tax Department for excess tax paid by our company [Company Name], PAN: [PAN Number] for Assessment Year [AY].

Unfortunately, the bank account number mentioned on the cheque (A/c No. [Old Account Number]) has been closed with effect from [Date of closure]. Hence, the cheque cannot be deposited/encashed.

We request you to kindly:

Cancel the earlier refund cheque issued in the name of our company.
Reissue the refund amount by way of a fresh cheque in favour of our company OR
Credit the refund amount directly to our active bank account as per the details provided below:
Bank Name [New Bank Name]
Branch [Branch Name]
Account Number [New Bank Account Number]
IFSC Code [IFSC Code]
MICR Code [MICR Code]
We have enclosed the original refund cheque for your reference and cancellation.

Kindly acknowledge the receipt of this letter and intimate us about the status of our request.

Thanking you,
Yours faithfully,

For [Company Name],

[Authorized Signatory Name]
[Designation]
[Contact Number]
[Email Address]

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