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Income tax Refund Bank Status

amit kadam (a) (78 Points)

18 July 2021

Income Tax Bank validated but following status shown in Income tax portal

(Refund can be credited only up to <50L> due to name mismatch between Bank account and PAN. Please update the name in PAN or with bank.EVC can be enabled for this bank account.)

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17 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 18 July 2021

Contact with your bank or file an grievance

2 Like

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amit kadam (a) (78 Points)
Replied 18 July 2021

But bank account already validated with EVC

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 18 July 2021

It is generally due to mismatch of name in bank like missing surname , use of Kumar , Prasad etc. as middle name or bank account with first name only.

3 Like

Murali Nadarajah (183 Points)
Replied 18 July 2021

< 50L > what does this mean?

Even my bank account shows this under remarks.

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 18 July 2021

What is amount of refund

1 Like

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Murali Nadarajah (183 Points)
Replied 18 July 2021

Refund amount 68000

2 Like

sabyasachi mukherjee (27574 Points)
Replied 18 July 2021

While filing returns the following are displayed very actively:
1. Bank details
2. Generally bank account is linked always with pan , adhar and mobile
3. While filing returns all steps are followed MINUTELY.

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 19 July 2021

PAN Card must be shown in Bank account you have provided for refund, also name in bank account is required to be exactly matched with PAN.

1 Like

sabyasachi mukherjee (27574 Points)
Replied 19 July 2021

Immediately write a letter or send a mail to the assessing officer of your ward obviously attaching screen shot and ask for speedy resolution.
If that does not work.
raise grievance.

3 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 20 July 2021

@ sabyasachi Mukherjee, I don't think so it is required to go to assessing officer . For this details are required to be updated in bank account

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sabyasachi mukherjee (27574 Points)
Replied 20 July 2021

My first resolution is write a letter to the Assessing officer.
Bank IFSC code details are always being updated.
A prefix does not work well always.
These errors always happen .

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 21 July 2021

Ya but now it's portal error and if we put entries properly same will be link

1 Like

punit jani (CHARTERED ACCOUNTANT) (27 Points)
Replied 27 November 2021

@ amit kadam, @ CA Rashmi Gandhi, I am facing the same issue. bank account validated but refund not credited into account. there is minor mismatch in bank account and pan card.

Did Your refund get credited or you have updated the bank name as pan card?

Kindly advice.

1 Like