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Correction in oltas challan-new mechanism

Others 14354 views 14 replies
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 Challan 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


Source: https://www.tin-nsdl.com/oltas/oltas-note.php

Replies (14)

Sir, small query

These days everybody is paying through online, and all those payments are initiated from bank central servers not the account holders branch

 

In this scenario how can we rectify it, are we required to approach banks head offices, I practially faced it, my branch fellow said it is out of their boundary, so please mail head office

 

whats your view on it

Yes you wil have to mail to head office. And these update is applicable for Challans with date on or after 01.09.2011/

Thank u very much sir...!!

please keep sharing...

Thanks  A LOT 4 SHARING SIR.......!!!!

very useful posting----------good work done by Sanju

Thanks for sharing a useful post and nice initiative by OLTAS.

Thanks for your update

-Siju

Very useful sir..thanx

Sir

We had paid a challan online  in June 2011 with an error in the asst year. The Bank declined tocorrect the same claimng it was not in theirhands.We ha filed a written rquest to the Assessing Officer for the correctio . We are yet to receive any communication. How do w proceed ?

very good & informatie article

very useful info shared by you ....thanks keep sharing

 

sir im from hyderabad i have tds paid in excess for fy 2013-14 i want adjust for the year 14-15 please provide me the adress to whom i should write a letterTDS Circle ward no

 

Affidavit format for Challan Correction

Affidavit format for Challan Correction


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