What can be the reasons for refund failure? | S K and Associates

 

What can be the reasons for refund failure?

Failure of credit of refund can be due to one or more reasons as listed below:
  • If your PAN is inoperative, your refund will get failed and you will see a warning message to link your PAN with the Aadhaar.
  • Incorrect Bank Details (Account no, MICR Code, 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
  • If the account that you have mentioned in the ITR has been closed.
  • In case the bank account is not pre-validated. It is now compulsory to pre-validate your bank account.

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