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amit kadam (a)     18 July 2021

Income tax Refund Bank Status

Income Tax  Bank validated but following status shown in Income tax portal

(Refund can be credited only up to <50L> due to name mismatch between Bank account and PAN. Please update the name in PAN or with bank.EVC can be enabled for this bank account.)



 12 Replies

Sourav

Sourav (Student)     18 July 2021

Contact with your bank or file an grievance
amit kadam

amit kadam (a)     18 July 2021

But bank account already validated with EVC

CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     18 July 2021

It is generally due to mismatch of name in bank like missing surname , use of Kumar , Prasad etc. as middle name or bank account with first name only.
1 Like
Murali Nadarajah

Murali Nadarajah   18 July 2021

< 50L > what does this mean? 

Even my bank account shows this under remarks. 

 

CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     18 July 2021

What is amount of refund
Murali Nadarajah

Murali Nadarajah   18 July 2021

Refund amount 68000 

sabyasachi mukherjee

sabyasachi mukherjee   18 July 2021

While filing returns the following are displayed very actively:
1. Bank details
2. Generally bank account is linked always with pan , adhar and mobile
3. While filing returns all steps are followed MINUTELY.
CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     19 July 2021

PAN Card must be shown in Bank account you have provided for refund, also name in bank account is required to be exactly matched with PAN.
1 Like
sabyasachi mukherjee

sabyasachi mukherjee   19 July 2021

Immediately write a letter or send a mail to the assessing officer of your ward obviously attaching screen shot and ask for speedy resolution.
If that does not work.
raise grievance.
1 Like
CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     20 July 2021

@ sabyasachi Mukherjee, I don't think so it is required to go to assessing officer . For this details are required to be updated in bank account
sabyasachi mukherjee

sabyasachi mukherjee   20 July 2021

My first resolution is write a letter to the Assessing officer.
Bank IFSC code details are always being updated.
A prefix does not work well always.
These errors always happen .
CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     21 July 2021

Ya but now it's portal error and if we put entries properly same will be link

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