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Advanced Tax Carry Forward

280 views 5 replies

Tasmai Dave

29 Points Joined November 2019

Hi everyone,

I successfully filed my ITR for the year. However, my advanced tax got a Tax Credit Mismatch as I mistakenly entered the wrong date of when I paid the tax. As a result, the money I paid as Advanced Tax is stuck up.

Now, I have two questions.
1. Should I let it be and carry it forward to the next AY and add it to my next year's ITR? Will I be allowed to claim it then?

2. What would be the process to get the it back? (Maybe rectification request?)

I look forward to your reply.

Replies (5)

rama krishnan

12244 Points Joined May 2017

I don't think there's provisions to carry forward advance tax payments to next year as like TDS. better file revised return quoting correct date

Alok Singh

209 Points Joined July 2017

There is no provision for carry forward , because the definition of advance tax is quite clear....yes you can file revise return for this.

Kapadia Pravin

17264 Points Joined December 2018

I think you eRespond to this mis-match notice by
.... disagree..... and give reason of date error.

This will help in resolving this issue.

You can not carry forward it.

Revised return you can file upto 31-3-2020