No Income Tax Refund Yet? One Simple Update Can Fix It:

No Income Tax Refund Yet? One Simple Update Can Fix It Many taxpayers often raise concerns about the non-receipt of refunds even after the timely submission of ITR. In such a case, you should make sure that your bank account is updated on the e-filing portal of Income Tax. Also, you will not get the refunds if you have not even added the bank account on the portal. Let us understand how to add or update your bank account on the e-filing portal to receive a tax refund.

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Adding a Bank Account

Here is how you can add a bank account on the e-filing portal:

• Step 1: Go to the Income Tax portal at www.incometax.gov.in and log in using your ID and Password.
• Step 2: Go to your profile and add a bank account.
• Step 3: Click on Validate.
• Step 4: On successful validation, a success message is displayed.

Updating Bank Account

If you already have a Bank account, then you can do it by following these steps:

• Step 1: Go to the Income Tax portal at www.incometax.gov.in and log in to your profile.
• Step 2: Select a bank account that is already added to your profile
• Step 3: Update the bank account details, such as IFSC, account number and account type.
• Step 4: Click Validate to make the changes.