VERY URGENT!!

ITR 269 views 5 replies

Respected Sir / Madam,

An assessee filed his ITR 4 for the A.Y. 2019-20 within due date but forgot to pre-validate his bank account before e-filing his ITR (as this is a mandatory requirement for getting refunds w.e.f A.Y. 2019-20). It's almost six months now, but his ITR has not been processed & hence no intimation u/s-143(1) has been received.

In response to a grievance submitted by him, he received the following response from CPC :

"Dear Taxpayer,The processing of your Re turn (ITR) is pending for want of verification of the correctness of certain claims made by taxpayer in the ITR. This is likely to take few months depending on the swiftness & accuracy of taxpayer response. Taxpayer may receive further communication from the Department seeking responses to specific claims made by taxpayer in the ITR which have been identified for further verification. Please do respond with the information sought, at the earliest, as the refund will be generated only once the processing of the ITR is completed."

After this, the assessee pre-validate his bank account succesfully, which he mentioned in his ITR for refund. But the email ID linked with the bank pre-validated is not same as mentioned in ITR already filed. Now, does he require to change ITR Particulars option in his IT account for the email? Is it really relevant? Or does he needs to revise his ITR before 31-3-2020? It's already 20 days now, no response has been received from CPC regarding ITR processing.

Please respond as it is really very urgent. Thanks in advance.

Replies (5)

(1) You will get refund after completion of Sec 143(1)(a) assessment, for which there is time limit of 1 year from end of FY in which ITR is filed. So, for AY 2019-20, time limit to receive refund is 31.03.2021. (2) After filing ITR, you have pre-validated bank a/c successfully, so you may log in your portal & check if bank a/c is pre-validated (Login in-Profile Settings-Prevalidate Your Bank Account). If your bank a/c is pre-validated, it's name will appear in chart. (3) If bank a/c mentioned in ITR for refund (1st name in list of bank accts) & pre-validated bank a/c are same, there is no need to take further action.

Nandakumar K Konkar

Partner

246 Points Joined April 2009

Professional Student

Student

85 Points Joined March 2017

Thank you sir for your response. Yes the same bank account is prevalidated & EVC enabled as shown in the income tax account of the assessee, which was mentioned in ITR.

So, as you said the assessee don't need to update the email ID in ITR already filed through "Change ITR Particulars Option" which was linked with bank prevalidated?

And will it make the original filing of ITR invalid as bank account is prevalidated after the ITR has been filed?

Will it be safe to file revise return after prevalidation of bank account?

Nandakumar K Konkar

Partner

246 Points Joined April 2009

Ok, ITR may be revised for any 'error or omission' in ITR filing. Filing of ITR before pre-validation of bank a/c does not fall under 'error or omission' in ITR filing, since pre-validation of bank a/c is an requirement not linked with ITR filing. In my view, there is no need to revise ITR. As I have said , law gives time till 31/03/2021 for refund for AY 2019-20. Further professional advice maybe taken by you before deciding issue of revising ITR; last date to revise ITR for AY 19-20 is 31/03/2020.