Quick Summary
Income Tax Department issued an advisory on September 13, 2023, regarding the validation status of bank account numbers for refunds. The advisory stated that refunds will only be credited to bank accounts that have been validated by the department. The official advisory made by the department is as follows Check Bank A/c validation Status For Refund Has your bank merged with another bank? Has your bank branch changed? Has your bank account number changed? Has Your name in B
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FAQ :
The Income Tax Department issued an advisory on September 13, 2023, stating that refunds will only be credited to bank accounts that have been validated by the department.
Refunds can only be credited to bank accounts that have been validated by the Income Tax Department. This ensures smooth processing of your refund.
If your bank has merged, your branch has changed, your account number is different, your name in the account has changed, your account is closed or inactive, or your IFSC code has changed, you need to update and revalidate your bank account details on the e-filing portal.
Log in to the e-filing portal at https://eportal.incometax.gov.in, go to 'Profile' > 'My bank Accounts', click the three vertical dots, choose 'Revalidate', make the necessary changes, and click 'Validate'.
Log in to the e-filing portal, navigate to 'Profile' > 'My bank Accounts', select 'Add bank account', fill in the required details, and click 'Validate'.
No, refunds cannot be credited to a bank account that is not linked with your PAN. Ensure that only bank accounts linked with your PAN are validated and nominated for refunds.
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