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Income tax refund - correction in bank account details

Patan Mastan Vali (Assistant Manager) (29 Points)

30 August 2012

I am Bank employee retired on dt.31.05.2011. Inocme tax return was filed on 31.07.2012 for A.Y.2012-'13 online through an agent. Erraneously,the bank account details are given for an account which is closed after my retirement. What shall I do for giving details of my new account details to Income Tax deptt. before the ecs/nfts creit is prepared by the deptt. Is there a specified form to be submitted to IT for effecting correction in Bank Account Detaisl? I will be grateful if somebody helps to solve this.

Thanks

P.Mastan Vali

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2 Replies

Sivaguru SM (Tax Consultant) (235 Points)
Replied 30 August 2012

You have to wait until the ITR process, after processing of ITR first they send refund to bank. Once the payment not paid through bank, they may send by cheque through post as per address in PAN data.

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Shridhar Shah (Chartered Accountant in Practice) (172 Points)
Replied 30 August 2012

Sir,

Being a bank employee if you can revive the account, it will be best option. But I believe as its been long & account cant be revived.

Please check your online CPC processing status. Once you get 143(1) order (you can also request the same online, but before that please change your mail ID in database) from dept you can go to CPC refund failure status in My account head. Check whether refund is failed & if yes, provide details there. If you are not able to do the same, please take help of any CA student you may know.

As even paper return also contain your account number, you wont be able to get the same deposited in any other bank account.