This discussion addresses whether payments made under head 300 before an Assessing Officer (AO) passes an assessment order can be used to offset any demand raised. The consensus is yes, you can provide the AO with the necessary details to ensure credit is given for taxes already paid. It also clarifies that payments made under head 300 can be utilised towards demands raised after the assessment order is passed.
03 March 2025
IF PAYMENT MADE BY ASSESSEE OF DEMAND UNDER HEAD OF 300 BEFORE PASSING ASSESSMENT ORDER BY AO, THEN SUCH CHALLAN CAN BE SET-OFF AGAINST DEMAND RAISED?