So far, a refund of 15438 crore rupees has been sent by CBDT to the account of about 11.73 lakh taxpayers. This process is going on even further. If there is no money in your account, then check the pre-validation process of the bank account.
Income tax refund
In order to give relief to taxpayers during the Corona period, the Income Tax Department has made several announcements continuously. From the department, the deadline for filling the personal income tax return for assessment year 2021-22 was increased from 31 July to 31 September. On the other hand, CBDT (Central Board of Direct Taxes) has sent an income tax refund of Rs 15438 crore to the account of 11.73 lakh taxpayers from April 1, 2021 to May 3, 2021, but if the money has not reached your account yet. You can get your account pre-validated. Through this, you can get a quick refund. So what is the process to know the complete details.
You can check the status by going to ‘Profile Settings’ option on the income tax e-filing website. If you want to check which accounts have failed pre-validation, then you have to click on ‘View Failed / removed bank accounts’. Here you will get information about the reason for not validating the accounts or the reason for deletion.
What is pre-validation
A taxpayer’s account must be pre-validated to claim income tax refund. After this, you can receive the refund. Since only e-refunds are being issued by the Income Tax Department, you must change your account once. For this, check the status by going to ‘Profile Settings’ option on the income tax e-filing website. If the pre-validation has failed, then you have to click on ‘View Failed / removed bank accounts’. Here you will get information about the reason for not validating the accounts or the reason for deletion. With which you can fix the problem by fixing it.
It is also necessary to have an account link with PAN
Apart from pre-validation, to get income tax refund, it is also necessary to have your bank account linked to a permanent account number ie PAN. For this, you can go to your bank branch and attach it. If you want, you can complete this process online also.
How to get the account pre-validated
1. To get the account pre-validated, first go to the Income Tax Department’s e-filing portal https://www.incometaxindiaefiling.gov.in/ and login.
2. After login to the site, fill in the password and captcha code. Now go to the Profile Settings tab and click on the Pre-Validate Your Bank Account option.
3. As soon as you do this, you will see the integrated bank account number and their status in the e-filing portal. Here only a bank account can be enabled Electronic Verification Code (EVC). Therefore, if an account is already enabled, another bank account cannot be done. If you want your income tax refund to come to another account, then click on the add button.
4. After this, fill the details of your bank account number, account type, IFSC and contact details (mobile number and email ID).
5. In the process of pre-validation, it is necessary to have a PAN card linked to the bank account. Through this, your documents will be verified.
6. After filling the bank details, click on the Pre-Validate button. A new page will open on it, on which the agreement will appear. If the name given on the PAN is received from the bank account, the bank account will be pre-validated.
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