This discussion addresses a common issue where taxpayers receive a refund failure intimation under section 143(1), even after their Income Tax Return (ITR) has been processed. The primary reason cited is often the PAN not being linked to the bank account, despite previous successful refunds to the same account. Participants share experiences and suggest solutions such as validating bank accounts, ensuring PAN is updated with the bank, and raising a refund reissue request. Some mention potential technical glitches on the e-portal as a cause for the discrepancy.
After eportal account login: Dashboard>My Profile>My Bank accounts Page screen clearly shows, in Green Tickmark, that, my Bank account, is "Validated", with, 'Nominate for refund' button enabled. However, at the top of this page, a warning, in red marquee ticker keeps flaashing, saying, "Please Note: On account of Merger of banks, valid Bank accounts may have got invalidated". My validated account is with Axis, and, I don't know of any 'Merger'.!! Despite checking everything as above, I got refund failure intimation. Is this a Software Glitch, even after 15 months ?!! I'm at my wits' end. Humble appeal to Experts on this Forum to help out. Thanks.
Friends, One more month of "Waiting" gone by. Grievance raised. Gov. IT website shows My Bank account, into which I've been receiving refund credits for many years, is "Validated" and also nominated for refund credit. I sold property in the beginning of F. Y. 21-22, when govt already took away 1% of Sale Consideration (as TDS, deposited by buyer). I'm just "Calculating" the *Interest* I'm losing, on refund amount already granted in my refund order plus interest on the substantial TDS amount deducted on my property Sale. Is there any other way, Gentlemen, apart from "Waiting" , of course. ??🤔