Refund Intimation U/s 143(1)

Page no : 2

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 15 August 2022

Past years also there was bank account validation.

One is validation and another one is enabling EVC for verification.

EVC will be enabled if email id and mobile validation also happens where as bank validation happens if name and PAN matches

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Karun Menon (602 Points)
Replied 15 August 2022

Is bank validation enough to receive refund or both validation and evc has to be enabled ?

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CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 15 August 2022

Only bank validation is enough

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Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 15 August 2022

EVC is for e verification purposes only and the screen should show " validated " . It is sufficient for refund

ashok oza (277 Points)
Replied 17 August 2022

After eportal account login: Dashboard>My Profile>My Bank accounts Page screen clearly shows, in Green Tickmark, that, my Bank account, is "Validated", with, 'Nominate for refund' button enabled.
However, at the top of this page, a warning, in red marquee ticker keeps flaashing, saying, "Please Note: On account of Merger of banks, valid Bank accounts may have got invalidated". My validated account is with Axis, and, I don't know of any 'Merger'.!!
Despite checking everything as above, I got refund failure intimation. Is this a Software Glitch, even after 15 months ?!! I'm at my wits' end. Humble appeal to Experts on this Forum to help out. Thanks.

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CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 17 August 2022

Sir , only solution is asking your bank to update PAN in their system. Just try this way also and I guaranteed your refund will be credited soon.

ashok oza (277 Points)
Replied 17 August 2022

Thanks Rashmi. I shall certainly try, assuming my bank does that without delay. 😊

CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 18 August 2022

Generally it takes 7-15 working days.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 20 August 2022

One has to wait till the status is changed to processed on the IT website

CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 21 August 2022

Which status??? @ Eshwar Reddy.

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ashok oza (277 Points)
Replied 21 September 2022

Friends, One more month of "Waiting" gone by. Grievance raised. Gov. IT website shows My Bank account, into which I've been receiving refund credits for many years, is "Validated" and also nominated for refund credit. I sold property in the beginning of F. Y. 21-22, when govt already took away 1% of Sale Consideration (as TDS, deposited by buyer). I'm just "Calculating" the *Interest* I'm losing, on refund amount already granted in my refund order plus interest on the substantial TDS amount deducted on my property Sale. Is there any other way, Gentlemen, apart from "Waiting" , of course. ??🤔