Did you file your income tax return (ITR) well in time before July 31 this year and are you still waiting for your refund? Well, you’re not alone. There are a large number of taxpayers who may be in the same boat.
Some have even expressed their displeasure on social media, highlighting that they have been waiting for almost seven months now and have no idea when they will get the refund.
Notably, the issuance of income tax refunds increased by 46.31 percent between April 1 and November 27 in the financial year 2024-25, the Finance Ministry announced on December 12 this year.
The Income Tax (IT) department, meanwhile, has pointed out that some taxpayers have not yet received their refunds as they do not have a validated bank account.
In a post on social media platform X, the department said: “A validated bank account is necessary to receive refunds. Here is how to check the validation status of your bank air conditioning on the e-filing portal.”
Here’s how to check the validation status of your bank air conditioner on the e-filing portal
1. First of all, you need to log in to revenuetax.gov.in
2. Once you have logged in, go to My Profile >> My Bank Account.
3. Now you have to click on ‘Add bank account’.
4. When a new window opens, you need to enter the bank account details.
5. Make sure you select the account type, i.e. whether the account is a savings account or a checking account, and the holder type (whether you are an individual or a company).
6. Also enter the IFSC of your bank account, which is unique to the bank branch.
7. Finally, click ‘validate’ to verify with the bank.
Interestingly, a number of taxpayers have tagged the department to highlight their grievances. One Kishen Kumar pointed out that he had been waiting for over seven months and even raised the issue ten times. In response to his query, the department said the issue was being reported again and the team would respond.
Another user said his bank account was validated, but the system showed it was not eligible for a refund.
The department wrote back and told him to send an email to orm@cpc.incometax.gov with his PAN and mobile number.
