When you have received an intimation from the Income Tax Department or a Refund Banker (SBI) that the processing of your income tax refund has failed, you can submit a ‘Refund Reissue Request’ by logging into the Income Tax e-filing portal. Taxpayers can request for re-issuance of a refund through the ‘Refund Reissue Request’ service.
Failure for Income Tax Refund
A refund from the income tax department scheduled to be paid in a particular assessment year (AY) may fail to get credited to your bank account for various reasons. A few of the reasons for the failure of the refund to get credited to your account could be:
In case the bank account is not pre-validated. It is now compulsory to pre-validate your bank account from the assessment year (AY) 2022-23
The name mentioned in the bank account does not match with PAN card details. For example, in case your bank account was opened providing the Aadhaar card as proof, there is a possibility that it mentions your middle name as well, while on the PAN card, such detail is not stated
In case of an invalid IFSC code. For example, a bank might have undergone a merger and there has been a change in the IFSC code, but you have failed to update the same.
There is also a possibility that the account that you have mentioned has been closed
How to Conduct a Pre-validation Check of Bank Account?
Step 2: Go to ‘My Account’, click the ‘Service Request’ and select the ‘Request Type’ as ‘View Request’ and ‘Request Category’ as ‘Refund Reissue’.
Step 3: Click the ‘Submit’ button. The status of the submitted refund reissue request will be displayed.
Frequently Asked Questions
What happens in case an individual fails to verify the ITR within 30 days of uploading the ITR on the e-filing portal?
In such a case, your return is treated as not filed. All the consequences related to not filing of the ITR under the Income-tax Act, 1961 (ITA) will get applicable. However, you have the option to submit a valid reason and it is possible for you to request condonation of delay in verification. It is after the submission of such a request that you will be able to verify your return. However, the income tax authority needs to approve the condonation request, it is only then the return will be treated as valid.
What can be the reasons for refund failure?
Failure of credit of refund can be due to the following reasons:
Incorrect bank details (MICR code, account no, IFSC code, name mismatch etc.)
Account holder KYC is pending
Account details given are other than Current Account or Saving Bank Account
Account Description is incorrect
For an ITR refund, is it necessary to mention the bank account details only of an assessee or is it possible to provide a pre-validated bank account number of another person as well?
Yes, it is possible to provide the pre-validated bank account details of another individual. The only condition is that the name mentioned in the bank account details as well as on the PAN card should match exactly.
Can anyone else submit a request for condonation of delay / raise refund reissue request on my behalf?
Authorized signatory / Representative assessee / ERIs can submit requests for condonation of delay / raise a refund reissue request on behalf of the assessee.
Can I raise a refund reissue request if my Bank Account is not pre-validated?
No. You can only proceed if your selected bank Account is pre-validated.
Quick Summary
To reissue a failed income tax refund, log in to the tax e-filing portal and submit a Refund Reissue Request. Common reasons for refund failure include unvalidated bank accounts, name mismatch, invalid IFSC code, or closed accounts. Pre-validate your bank account by logging in, selecting 'Bank Account', and checking for validation. To make a refund reissue request online, log in, navigate to Refund Reissue Request under Services, select the assessment year, submit the request, and verify. Check status under 'My Account' and 'Service Request'.
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