How to change bank details in an income tax return online?

By | October 31, 2021

Even after you’ve submitted your income tax return (ITR), the IRS allows you to modify or change your bank and personal information. However, you may choose to change these facts in your ITR after it has been filed for whatever reason.

According to a 2019 update from the Internal Revenue Service, “If a change in the taxpayer’s bank account, address, phone number, or e-mail address happens after the ITR is uploaded, the taxpayer can make these changes using the ‘Change ITR Form Particulars’ option. Any changes can only be made before the return is processed.” 

The tax agency used to take a month to process tax returns from the time they were filed. The income tax department, on the other hand, is now processing tax returns quite quickly, within a week.

Is it possible to change bank account number after filing ITR online?

A form is included with the tax return that must be completed. It requests information on all sources of income as well as the taxes owed to the Internal Revenue Service. Every citizen is required to file an ITR with the Internal Revenue Service. ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7 are the several forms based on the type of income. These forms must be submitted by a specific deadline set by the IT department.

Because your refund value will be remitted back to your account by the government, you must also include your bank account number when completing an ITR.

However, because ITR filing is a once-a-year procedure, it is possible that you have changed your bank account number. For smooth tax filing, it’s critical that a taxpayer adds the new bank account number. And it is quite possible. Read along to find out how.

How can you update your ITR’s bank account number?

Here’s how you can update your ITR’s bank account number:

  • If your IT Return was completed and a refund was created for you, but you did not get it, you can only modify your Bank Account Number if you had a refund problem.
  • If you want to update the Bank Account Number for a refund failure case, go to ‘My Account’ ‘Refund reissue request’ on the Income Tax e-Filing website.
  • Choose between ECS and Cheque as the method for receiving your return.
  • Fill in the new Bank Account Number and your address information. 
  • Send in your request.
  • Your new address is updated with the Income Tax Department once the request is submitted.

Step by step process to any change such information in your ITR form

You might be wondering if you can edit or update your information after you’ve filed your tax return (ITR). You might want to amend or update your contact or banking information. Here’s how to submit a request for the adjustments. Follow these instructions if you want to change any such information in your ITR form.

Step 1: Visit www.incometaxindiaefiling.gov.in to access the e-Filing Portal.

Step 2: Select ‘My Account’ from the drop-down menu in the upper-left corner of the page. Then select ‘Service Request’ from the drop-down menu. You must pick ‘New Request’ as the ‘Request Type,’ and ‘Change ITR Form Particulars’ as the ‘Request Category.’ Then press the ‘Submit’ button. 

Step 3: Enter the ITR’s ‘Acknowledgement number’ and the required information. Then press the ‘Submit’ button. 

How to know updates on your request of change in information in your ITR form?

Here’s how you can find out how your request is progressing. 

Step 1: Visit www.incometaxindiaefiling.gov.in to access the e-Filing Portal.

Step 2: Navigate to the ‘My Account’ tab on the upper-left side of the page. Choose ‘Service Request’ from the drop-down menu. Then pick ‘View Request’ as the ‘Request Type,’ and ‘Change ITR Form Particulars’ as the ‘Request Category.’

Step 3: Click the ‘Submit’ button.
Step 4: Select ‘Transaction ID’ from the drop-down menu.