Nirav (Accountant) (595 Points)
01 August 2012Hello,
While making online payment of Income Tax for A.Y.2012-13, one of my client wrongly selected A.Y.2011-12. And return is uploaded with wrong challan detail.
What is the procedure to rectify the same. Plese reply urgently.
CA Ankit Totla
(Practicing Chartered Accountant)
(469 Points)
Replied 01 August 2012
u will hav to contact the bank for a revised challan
GIRISH KUMAR DUNDLODIA
(PRACTICE)
(92 Points)
Replied 01 August 2012
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).
Varshit Shah
(Self Employed)
(676 Points)
Replied 02 August 2012
1.) First of all Contact your Net banking service branch for the correction.
2.)If the above mentioned time (post by Mr.Girish) for contacting your bank is over than , write a letter in duplicate addressing to your Assessing officer mentioning mistake made & correction required.
Documents need to be enclosed :
a.) Copy of Challan (Self Attaseted)
b.) Copy of PAN CARD (Self Attaseted)
3.)There is no need to file revised return , because you have made mistake while making payment & not at the time of uploading return. So even though ur mistake will get rectified , your BSR Code , Challan Serial no. will not change.
4.)Suppose if you get the demand of such tax -- then file rectification u/s 154
5.)Then after if u find any difficulty , then produced copy of letter submitted to them for rectification to your A.O.
Varsh*t Shah
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 02 August 2012
Very useful discussion friends.
Regards,
mannu
(1/2 CA)
(589 Points)
Replied 02 August 2012
its all theoratical concept.....
practically...if u made online payment in wrong A/Y..only A.O can correct ur mistake
in 90% cases ...A.O will not accept ur application for a/y correction....he will distract u by saying its ur mistake we can`t do anything u can go to alankit, bank, nsdl etc.......!!!
if a.o wil not accept ur application then u ask him to write this on application....then u can complain at higher authority......
u can download challan correction mechanism at below link
Varshit Shah
(Self Employed)
(676 Points)
Replied 03 August 2012
@ Mr.Mannu "THIS IS NOT AT ALL THEORATICAL CONCEPT"......... whatever is wriiten is as per the challan correction mechanisam explained on Income tax site........ Personally i have done this thing just 2 months before..thats why written all the requirement documents & procedure........
Have you ever faced such situation? If yes then do share your experience...so will come to know some other consept HANDLED by you.......
Indudhar
(Tax Advocate)
(427 Points)
Replied 03 August 2012
Relax, Need not to worry Neerav!!! I had myself made a mistake while epaying my clients tax, though i had made mistake in AY, while filing returns online I had entered correctly all the challan details, bsr code, challn no. etc and also i have received the order wherein my challan is being taken into consideration. So need not to worry bcoz every challan has unique no. and the entered challan details are accepted...
OR u can Wait till your return is processed and then u can file the rectification u/s 154 online where there is no time barring.
mannu
(1/2 CA)
(589 Points)
Replied 05 August 2012
@ varsh*t..,
i was half wrong...actually i was writing for online payment ...!!!
i think in case of online payment of tax in wrong a/y.....only Ao can correct....
two weeks ago i also done the same mistake....in my case i personally meet the concerned A.O
he didn`t accept my application....!!!!!
if any other person can correct A/Y in case of online tax payment .....
pls share your experience it will add some knowledge to me...!!!
challan correction mechanism is also attached pls read it carefully....!!
Varshit Shah
(Self Employed)
(676 Points)
Replied 06 August 2012
| Originally posted by : mannu | ||
 |
@ varsh*t.., i was half wrong...actually i was writing for online payment ...!!! i think in case of online payment of tax in wrong a/y.....only Ao can correct.... two weeks ago i also done the same mistake....in my case i personally meet the concerned A.O he didn`t accept my application....!!!!! if any other person can correct A/Y in case of online tax payment ..... pls share your experience it will add some knowledge to me...!!! challan correction mechanism is also attached pls read it carefully....!! |
 |
Dear Mr.Mannu.......Infact u came with the answer itself. See if u'll see the the 1st page of this challan correction mechanism , in that mechanism iteself they have mentioned PHYSICAL CHALLAN...it means challan directly deposited in to bank for payment. Mannuji are u mumbai based? Bring this challan correction mechanism with you to the IT office & show them. If the AO do not listen to you then u can talk his senior. They can not answer like it is your mistake. My client made a mistake in Selecting Head i.e instead of 92B he selected 94B while paying online. Even after three months of payment i went to IT office with the application , they have accepted it , & made the rectification in 7 days time. All the employee got the credit in their 26AS. & in second case myself had made a mistake in quoting PAN no.& this was paid through physical challan . I did the same thing.. they accpeted it...Let me mention both these clients comes under two different mumbai based Income tax office.... i got full co-operation from both these places.......
CAclubindia
