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The Income Tax department
recently issued a notification regarding linking your PAN to your bank account
and validate your bank account online. Moreover, effective from 1st March 2019, the Income Tax department will only
issue e-refunds to bank accounts which are linked with PAN Card.
income e-refunds to “bank accounts not linked with PAN”
Table of Contents
As mentioned above, from March 1,
2019 Income tax department will issue the e-refunds to those, whose PAN is
linked with their Bank Accounts.
Now we will see how you can link your PAN with your bank account and validate your Bank Account details with the Income Tax Department e-filling portal?
When you visit the bank, ask them
to validate your bank account with the e-filling
portal. If your bank is integrated with the E-Filing portal then you can easily
pre-validate your bank account through EVC (Electronic Verification Code) and
If your bank is not integrated with the E-Filing Portal, then you can visit the web portal of the Income Tax Department. Now let us go ahead and discuss the procedure to validate the bank account with Income Tax E-Portal
Read our article:How to Claim Income Tax Refund Online?
Below are the steps that you need
to follow to validate your bank account to receive the e-refunds-
The government of India has made it
mandatory for the taxpayers to link their PAN with a bank account to get the income tax refunds for the following
As we know the government made it mandatory to link the Aadhar card with the PAN for filing the Income tax returns (ITR). Now Government has made mandatory to link the bank account with your PAN to receive the Income-tax refunds. Hence, you must consider it to link as soon as possible. For more details, you can contact our team of experts at Enterslice.
Read our article:File the Income Tax Refund with the Help of Experts
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