National Political News Telugu

Link your PAN with bank for refunds: Income tax department to taxpayers

The Income Tax Department has said it will only issue refunds via e-mode into bank accounts of taxpayers, linked with PAN, beginning tomorrow. In its latest public communication, the department said, those who have not linked their PAN with their bank account should provide it to their home bank branch and also validate this over the e-filing website of the IT Department.

The bank account could be either savings, current, cash, or overdraft. Till now, the department used to issue refunds to taxpayers either in their bank accounts or through account payee cheques, in a case-to-case basis depending on the category of taxpayers.

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