Self assessment tax
This query is : Resolved
19 December 2011
while making payment of self assessment tax, i fails to change assessment year, that is in order to make a payment for AY 2011-12 i made payment for the AY 2010-11. And i filed a return too. As the return i filed is a belated one as there is no room for revised. plzz suggest some remedies.
19 December 2011
gO TO ITO SYSTEMS IN UR AREA STATE THE PROBLEM THEY WILL CORRECT THE CHALLAN
BANK CAN ALSO CORRECT WITHIN SEVEN DAYS PERIOD FM DATE OF PAYMENT
CA MANOJ GUPTA
JODHPUR
09828510543
BANK CAN ALSO CORRECT WITHIN SEVEN DAYS PERIOD FM DATE OF PAYMENT
CA MANOJ GUPTA
JODHPUR
09828510543
Guest
Guest
(Expert)
19 December 2011
You can file rectification u/s 154.
19 December 2011
Why you want to revised the return, there is mistake in challan so write a letter to your local income tax ward only about. Bank can not do any thing because it is not their mistake.
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
19 December 2011
NSDL receives tax collection data as uploaded by the bank. NSDL is not authorized to carry out any changes in the data sent by the bank to TIN.
The fields that can be corrected by the Taxpayer through Bank are tabulated below:
Sl. No. Type of Correction on Challan Period for correction request (in days)
1 PAN/TAN Within 7 days from challan deposit date
2 Assessment Year Within 7 days from challan deposit date
3 Total Amount Within 7 days from challan deposit date
4 Major Head Within 3 months from challan deposit date
5 Minor Head Within 3 months from challan deposit date
6 Nature of Payment Within 3 months from challan deposit date
Note :
1. Above correction mechanism is applicable only for physical challans with deposit date greater than equal to September 1, 2011.
2. Any correction request initiated by the taxpayer after the time limit specified above shall be rejected by Bank.
3. For challans with challan deposit date from September 1, 2011 to September 30, 2011, the time limit for correction in TAN/PAN, Assessment Year and Amount will be within 45 days from challan deposit date.
4. The fields that can be corrected and the entity authorized to carry out corrections on challan with deposit date less than September 1, 2011 are as below:
Sl. No. Type of Correction on Challan Performed By
1 PAN/TAN Assessing Officer
2 Assessment Year Assessing Officer
3 Major Head Assessing Officer /Bank
4 Minor Head Assessing Officer
5 Nature of Payment Assessing Officer
6 Total Amount Bank
7 Name Bank
This is as per NSDL commuinque hence bank can make the correction referred to above
CA MANOJ GUPTA
JODHPUR
09828510543
The fields that can be corrected by the Taxpayer through Bank are tabulated below:
Sl. No. Type of Correction on Challan Period for correction request (in days)
1 PAN/TAN Within 7 days from challan deposit date
2 Assessment Year Within 7 days from challan deposit date
3 Total Amount Within 7 days from challan deposit date
4 Major Head Within 3 months from challan deposit date
5 Minor Head Within 3 months from challan deposit date
6 Nature of Payment Within 3 months from challan deposit date
Note :
1. Above correction mechanism is applicable only for physical challans with deposit date greater than equal to September 1, 2011.
2. Any correction request initiated by the taxpayer after the time limit specified above shall be rejected by Bank.
3. For challans with challan deposit date from September 1, 2011 to September 30, 2011, the time limit for correction in TAN/PAN, Assessment Year and Amount will be within 45 days from challan deposit date.
4. The fields that can be corrected and the entity authorized to carry out corrections on challan with deposit date less than September 1, 2011 are as below:
Sl. No. Type of Correction on Challan Performed By
1 PAN/TAN Assessing Officer
2 Assessment Year Assessing Officer
3 Major Head Assessing Officer /Bank
4 Minor Head Assessing Officer
5 Nature of Payment Assessing Officer
6 Total Amount Bank
7 Name Bank
This is as per NSDL commuinque hence bank can make the correction referred to above
CA MANOJ GUPTA
JODHPUR
09828510543
19 December 2011
@ Manoj if challan is paid online than?
I have same experience in one case client has paid the physical challan, AY in challan is correct but by mistake bank quote wrong AY, Which we saw in Form 26AS, We write a letter to bank, Bank do nothing just write a letter about it to ITO about it that it Bank's mistake. We contact ITO. They said to a write a letter about it. They said that they will take tax credit of it at the time of assessment.Till now AY is not changed in Form 26AS and we have received the Intimation (Assessment order)from CPC Bangalore in this they take the credit of this challan.
I have same experience in one case client has paid the physical challan, AY in challan is correct but by mistake bank quote wrong AY, Which we saw in Form 26AS, We write a letter to bank, Bank do nothing just write a letter about it to ITO about it that it Bank's mistake. We contact ITO. They said to a write a letter about it. They said that they will take tax credit of it at the time of assessment.Till now AY is not changed in Form 26AS and we have received the Intimation (Assessment order)from CPC Bangalore in this they take the credit of this challan.
20 December 2011
Technically bank can amend the challan , but practically they are not willing to do so.
Only remedy left is to beg the ITO for the same.
Only remedy left is to beg the ITO for the same.
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