Income Tax Reminds: Validated Bank Account necessary for Tax Refund

Income Tax Reminds: Validated Bank Account necessary for Tax Refund

The Income Tax Department has issued a reminder to taxpayers regarding the validation of bank accounts for tax refunds.

On his official Twitter account tax department wrote, “Kind Attention Taxpayers! ✅Having a validated bank account is essential for receiving of refunds. ✅An already validated bank account will require re-validation after the updation of account details consequent to change in the branch, IFSC, Merger of the bank, etc.”

For Updating existing bank a/c:

Please visit the income tax e-filing portal ➡️Login ➡️ Profile ➡️ Choose Bank Account ➡️ Revalidate ➡️Update Bank Account Details such as a/c No., IFSC, a/c type ➡️Validate.

For Adding a new bank a/c:

Please visit the income tax e-filing portal ➡️ Login ➡️ Profile ➡️ My Bank Account ➡️ Add Bank Account ➡️Validate.