WRONG IFSC IN ITR

ITR 3542 views 7 replies

Today i filed my itr and i entered bank account details of my 2 bank account in itr.

Now problem my account is in oriental bank of commerce and i entered ifsc code of oriental bank of commerce.

But now i get to know that ifsc code has been changed of my branch due to amalgamation with pnb bank.

So i want to know whether i need to submit revised return??

However there is no refund applicable to me in the itr.

So should i file revised return or leave it as it is because there is no refund due by department to me

Replies (7)

Hai 

here can be several reasons for it being stuck—from you entering a wrong IFSC code or bank account number to the department not agreeing to your tax calculation or deduction claimed leading to a tax credit mismatch. Wrong bank details entry can be easily corrected online on the I-T website. You just have to update your details via ‘Refund Re-issue Request’ under ‘My Accounts’.

In case of a credit mismatch, you might get a notice (via email) from the department. Here, you might have to file a ‘rectification’. “Rectification under Section 154(1) can be filed for small errors such as mismatch in tax credit, advance tax mismatch, incorrect gender, or additional details not submitted for capital gains at the time of filing return,” says Gupta.

A rectification does not mean you have to re-file your ITR. However, post rectifying a ‘mistake’, if there is a change in income you’ll have to file a revised return. Also, you cannot claim new deductions and exemptions in a rectification request.

 

 

But there is no refund

Also no tds and other things

Just a simple itr 4

 

I am sending a pdf go through of it there is detail view abount rectifications and also presented your query about refund reissues also.

No need to worry

ur old ifsc is correct

in my view nothing to do

I also think so.

Because ifsc code of obc bank has changed on 1 dec 2020 and many obc bank customer had already filled their returns before 1 dec 2020

So i dont think they all will be required to change ifsc code now

 

 

Just leave it.. there's no necessity to change ifsc code
No need to worry
department knows it
if you have refund then also no need to revise your return as department will give you a notice for wrong bank n you can change that time easily
make sure just next time fill correctly ☺️


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