Income Tax Refund: Big news for taxpayers! Income Tax Department said – Refund will not come in these bank accounts

Income Tax Refund: If you are a taxpayer waiting for your refund, do note that the refund will be sent by the Income Tax Department only to verified bank accounts. So everyone needs to update and revalidate previously validated bank accounts, due to changes in bank account information.

To get income tax refund, first of all the bank account has to be pre-validated. Additionally, pre-validated bank account can be used by the particular taxpayer to enable EVC (Electronic Verification Code) for e-verification purposes.

Tax returns, other forms, e-proceedings, refund reissues, password reset and secure login to e-filing account can all be used for e-verification.

Is your bank account valid or not?

• Go to http://incometax.gov.in and login.
• Go to Profile section.
• Click on My Bank Account.
• Re-verify or add a bank account.
• The status of the validation request will be sent to the mobile number and email address registered by you on the e-filing portal.

Failed bank account

If verification fails, the information is shown under Failed bank accounts. In case of unsuccessful bank pre-verification, the failed bank accounts can be resubmitted for verification. Go to the Failed Bank Account section and click on Re-Validate for the bank and account with ‘Validation in progress’ status.