concerned year: Assessment year 2011-12
one of our client had to pay advance tax pertaining to this year. we gave him the challan on 26/03/2011. however, he paid the same in to his bank on 05/04/2011.
Now as per details sent by bank to IT dept, this must have gone to Advance tax code (as is reflected in Form 26AS).
However, Income tax department ( as per 143-1 intimation) has disallowed this tax payment. (we had put this amount in Advance tax column).
Now filing for rectification, should we file this amount under 'Advance tax' or 'S.A. tax' column ?
Thank you.
CAclubindia
