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Tax wrongly credited by bank

obeid (learner) (292 Points)

25 July 2013

I have paid a self asst tax 8600 for the AY 2012-13 but the intimation U/s 143 (1) shows the tax as zero.In form 26AS my tax has been credited in AY 2013-14. In my tax challan i have filled correctly as 2012-13 when i approached the bank they said that they cannont do anything know. what to do for the Self Asst tax?

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3 Replies

RAMESH BOHRA (Accountant) (51 Points)
Replied 25 July 2013

IF YOU HAVE THE PROOF OF TAX PAYMENT i.e. Challan Issued By bank for the concerned year, Write a letter to your assessing officer stating that you had made the payment & you have the challan issued by bank but due to bank mistake you had not received the credit in the correct assessement year. Therefore cancel the demand since you had made the payment.

If the assessing officer states that the processing has to be done online then call CPC Banglore helpline & tell them to transfer the case to the assessing officer so the assessing officer can manualy correct the mistake.

Regards

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obeid (learner) (292 Points)
Replied 25 July 2013

Thanks Mr.Ramesh Bohra for ur quick reply. further i have following queries

1) What if i pay the demand now for the Ay 2012-13 ?

2) Can i adjust the previous tax for AY 2013-14 as shown in form 26 AS in the same AY 2013-14 ?

3) Can I send a letter by post without visiting the ITO for cancellation of the demand?

RAMESH BOHRA (Accountant) (51 Points)
Replied 25 July 2013

ANSWERS

1. IF YOU PAY THE AMOUNT THEN YOU HAVE TO FILE A CORRECTION ONLINE TO CANCEL THE DEMAND.

2. Since the FORM 26AS IS SHOWING THE YEAR A.Y.2013-14 THE PAYMENT CAN BE ADJUSTED AGAINST THE A.Y.2013-14.

3. You Can send the letter to the ITO by registered post but Preferably i suggest you to visit ITO office & discuss the matter as per my last sugesstion with the clerk of the concerned ITO who might give you wright remedy. Acknowledgement must be obtain from the office of the ITO.

Regards

Ramesh Bohra

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