InvestorQ : I heard the Income Tax Department has made it mandatory for bank accounts to be linked with PAN for receiving income tax refunds. Is this true?
Priyanka Singh made post

I heard the Income Tax Department has made it mandatory for bank accounts to be linked with PAN for receiving income tax refunds. Is this true?

Answer
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Tanya Mehta answered.
1 year ago


Yes, this is true.

The Income Tax Department, after making it mandatory to link one’s PAN card with Aadhaar for filing income tax returns (ITRs), has now made it mandatory to link one’s bank account with his/her PAN card in order to receive the income tax refunds.