To claim your income tax refund this year, then apart from
filing income tax return (ITR), you might have to do one more additional step.
This is because the process of claiming income tax refund has been tweaked a
bit by the tax department.
From this year, you will have to make sure that you have
pre-validated your bank account in which you wish to receive the income tax
refund once your return is successfully filed or when filing your ITR.
Apart from pre-validating your bank account, you are also
required to link your PAN with your bank account as well. If your PAN is not
linked with the bank account, then you will not be able to get the income tax
refund in your bank account.
If you want to claim the refund in the ITR then make sure
you link your PAN with your bank account and pre-validate it on the income tax
e-filing website. Now onwards, the income tax department will issue only
e-refunds. Thus, refunds will be credited only to those bank accounts which are
linked with PAN."
The income tax department had previously announced that from
March 1, 2019, it will issue only e-refunds. These tax refunds will be credited
only to those bank accounts which are linked with PAN and are also
pre-validated on the income tax e-filing website, i.e., www.incometaxefiling.gov.in.
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