You may amend or alter your information after submitting an income tax return (ITR), if you find yourself questioning whether it is feasible to do so. It’s simple to update your bank information, which is crucial if you want to get your tax return on time, or your contact information, such as your address, phone number, or email address. If you submitted an incorrect set of bank account information while completing your ITR, this article will show you how to obtain an update.
“If someone has accidentally entered incorrect bank account information in their income tax return form, it is crucial to take prompt action to rectify the situation,” stated Avinash Shekhar, founder and CEO of TaxNodes. To guarantee that any refunds or communications from the income tax agency are handled appropriately, the inaccuracy in the bank account data must be fixed. In order to handle the situation and prevent any possible issues or delays, it is essential to move quickly and cooperate with the authorities.
Taxpayers may update their bank account, address, cellphone number, and email ID via the e-filing portal’s “Change ITR Form Particulars” function, according to Clear, a platform that offers tax-related services. It is crucial to remember that taxpayers may only submit the request before to the ITR’s processing.
The steps listed below may be used by taxpayers to make their requests:
Access the ‘e-filing’ portal at https://www.incometax.gov.in/iec/foportal.
Visit the ‘My Account’ option, which is at the upper left corner of the website.
Select ‘Service Request’ from the ‘My Account’ page.
Select ‘Request Type’ as ‘New Request’ under ‘Service Request’.
Next, choose “Change ITR Form Particulars” from the list of request categories.
Next, click “Submit.”
‘Change ITR Form Particulars’ appears on a new screen.
The PAN of the taxpayer would be visible.
The ‘Acknowledgement Number’ from the ITR must be entered by the taxpayer.
A taxpayer might choose to “Change Bank Account Details,” “Change Address Details,” or “Change E-Mail ID/Mobile Number Details” on the following page.
Here, the taxpayer must choose the required option, provide the required data, and submit the request.
When you submit your request to “Change in ITR Form Particulars,” a success message and transaction ID appear on the screen.
You must re-validate your ITR after updating your bank information.
Follow these steps to do this:
Activate the “My Account” tab.
Select “Bank Accounts” from the menu.
The “Re-validate” button should be clicked next to the modified bank account.
Observe the directions shown on the screen.
Your ITR will be processed and your refund sent after your bank information has been revalidated.
Your income tax return records will show the amended information after you have properly completed the request. Maintaining your information up to date is crucial to ensuring effective contact with the tax authorities and preventing any possible problems. You may quickly change any relevant information on your ITR by following these procedures.
