If any taxpayers mistakenly
calculated the income tax paid in surplus or have an excess tax deducted at
sources, no worries. Now, individuals who are yet to be prepared for ITR
filing can get a refund of the estimated amount by claiming a refund
while filing an income tax return. Although, the income tax department will
confirm and verify your returns and will process a refund. However, the refund
will only be transferred electronically to your bank account which has to be
linked with your PAN, this rule has been implemented and is in effect from 1
March, 2019. Ultimately, if you want your refund to be successful, you must
pre-validate your bank account on the income tax e-filing portal at the
time of return filing.
Here is a step-by-step guide on
pre-validating your bank account for a hassle-free and secure e-refund-
How to pre-validate your bank account
Step 1: Go to www.incometaxindiaefiling.gov.in
and log in to your account. The user ID to enter your account is your PAN
number.
User-ID-Logging
Step 2:Second step after logging in is to click
on Profile Settingstab in your account and then select 'Prevalidate your bank
account' option.
Step 3: In case any of your bank accounts is
already pre-validated, you can see it on your screen. Likewise, if you don't
have a pre-validated account or you if you want to receive the income tax refund
in a different bank account, then click on 'Add'.
Step 4: A fresh page will open and you will
have to enter basic details: bank account number, account type, IFSC, bank
name, bank branch and your mobile number and email ID.
The mobile number and email ID to be
provided here must be the same as mentioned in your bank records.
Step 5: Click on 'Pre-validate'. Once
clicked, this message will appear on your screen&Status of your request
will be sent to your registered email id and the mobile number".
For more details about efiling
of income tax return visit www.allindiaitr.com
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