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Correction of self assessment challan

CA. Sanjay Sodagar (Proprietor) (30 Points)

07 August 2012

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..??

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7 Replies

GIRISH KUMAR DUNDLODIA (PRACTICE) (92 Points)
Replied 07 August 2012

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

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Abhishek Agrawal (PROPRIETOR) (76 Points)
Replied 07 August 2012

Dear Sanjay

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

CA. Sanjay Sodagar (Proprietor) (30 Points)
Replied 07 August 2012

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

GIRISH KUMAR DUNDLODIA (PRACTICE) (92 Points)
Replied 07 August 2012

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).

CA. Sanjay Sodagar (Proprietor) (30 Points)
Replied 07 August 2012

Thanks Mr. Girish Kumar

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

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Vishal Bagmar (ITP) (50 Points)
Replied 07 August 2012

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

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

Varshit Shah (Self Employed) (676 Points)
Replied 08 August 2012

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.