Correction of self assessment challan

Tax queries 1232 views 7 replies

I have Paid Self Assessment Tax through Challan of one of my Client for AY 2011-2012 & 2012-2013. But the Bank has done mistake & they accept it as TDS & gave me the receipt of ITNS 281 instead of ITNS 280. So what can I do for Correction for the Challan as the Tax Payment Amount did not reflected in Form No.26 AS. So what can I do for that..??

Replies (7)

Please approach your Bank and ask them to rectify the mistake and always insist for Computerised Acknowledgement for Income tax payments.

Dear Sanjay

any mistake in challan can be correct with in 7 Days of payment.

Ok... But Bank has told me that it can be changed only on the same day & today already 7 days has passed.

Correction in OLTAS challan

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

5. For rectifications in challans paid through online mode (internet challan) , taxpayer may contact their concerned Assessing Officer (AO) of the Income Tax Department (ITD).

 

Thanks Mr. Girish Kumar

I also know this procedure. But after 7 days what can I do...???

Wait for 143(1) and reply to them when tax demand is raised.

Suffering from same problem. The advise was given by a ITO.

Sir approach your concerned AO for the correction. You have submit application in duplicate. Along with this application also attach copy of Pan card & copy of challan. Application must state the mistake made & correction required.


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