Taxpayers who have paid the government more tax than they are legally obligated to pay, file an Income Tax Return in order to get an Income Tax Refund. The main reasons for submitting an income tax return in order to get a refund are listed below.
- When a taxpayer has paid advance tax on the basis of self-assessment and the amount paid turns out to be significantly higher than the taxpayer's real tax burden.
- If a taxpayer's TDS has been deducted far more than it should have been based on the liability, the taxpayer may be eligible for an income tax refund.
- Double taxation of the taxpayer's income or the taxpayer's inability to file
How can I file a refund re-issue request?
Please follow the steps below if you have received notification from the Income-tax Department or the Refund Banker (SBI) that the refund processing has failed because of inaccurate bank data. You must update your Correct or Updated bank Account Number and submit a refund reissue request online using the Income-tax Department's login page.
Step:1 log in to https://eportal.incometax.gov.in/iec/foservices
Step:2 Navigate to Services>>Refund reissue
Step:3 Create a Refund Reissue request
Step:4 You have to add a Bank account
Step:5 Select the desired bank for refund reissue
Step:6 Select the option for e-verification
Step:7 You have to add a Bank account to proceed further
Step:8 Acknowledgement slip will be shown below
If you need assistance or have a query, don't bother to tap on the chat icon on this page. Alternatively, you can drop an email to us at support@myITreturn.com.