This is essential to get income tax refund: Bank account revalidation
6 months, 2 weeks ago

This is essential to get income tax refund: Bank account revalidation

Hindustan Times  

Income tax payers must revalidate their bank account on the income tax e-filing site for receiving refunds, according to a post of the Income Tax Department on X. Revalidating bank accounts are now a necessity for getting income tax refunds Revalidation is to be done when bank account data is updated due to branch changes, IFSC changes, or bank mergers, according to an Economic Times report. Prerequisites for availing this service Must be a registered user on the e-Filing portal with valid user ID and password PAN must be linked with the bank account which is to be revalidated To add bank account Account must be linked with PAN User must have a valid IFSC and Account number To revalidate existing bank account Step 1: Visit https://incometax.gov.in/iec/foportal/ Step 2: Login and click on Profile Step 3 Choose ‘Bank Account’ and click Revalidate Step 4: Update Bank Account Details such as a/c No., IFSC, a/c type Step 5: Click on Validate. To add a new bank account Step 1: Visit https://incometax.gov.in/iec/foportal/ Step 2: Login and click on ‘ Profile’ Step 3: Click on My Bank Account Step 4: Add Bank Account Step 5: Click on Validate. Note that the tax payer at any time can add/delete the bank account details and new account details will be validated.

History of this topic

Anticipating your income tax refund? CBDT urges taxpayers to verify bank account validity
1 year, 3 months ago
Income Tax Day 2023: How to correct wrong bank details uploaded on the income tax portal?
1 year, 4 months ago

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