ITR Filing: Incorrect bank account number? Here’s how to rectify it

Because the refund value is transferred back to the account by the department, the bank account number must be mentioned when filing ITR.

New Delhi: The income tax department recently announced that it had issued refunds of Rs 1.29 lakh crore in the first eight months of the current fiscal year. For the assessment year 2021-22, this comprises Rs 16,691.50 crore in reimbursements to 79.70 lakh taxpayers.

While the majority of taxpayers who submitted an income tax return (ITR) for the relevant assessment year should have gotten or be on their way to receiving a refund, others may not have received one due to an inaccurate bank account number being listed.

So, what should they do in this situation?