In the ITR excel forms (I tried ITR-2 as that is applicable to me), there is no tax refund due to me for the last financial year. I also do not intend a direct deposit of refund in case Income Tax office wants go give me a refund; I want them to send the refund cheque either on the address of my tax return or permanant address of my PAN.
Why is the ITR excel asking me to enter a 12 digit Bank Account number “mandatory” and to enter a IFSC Code as “mandatory”?
Is it mandatory for a tax payer, to own a bank account of account number 12 digits long, enter account number on ITR form even if there is no refund? What if I have a bank account in a small town’s co-operative bank which does not have any IFSC Code but my income is above Rs 5 Lakh which prompts to file ITR online? How do I circumvent the problem?