Adjustment of tax refund against payable
This query is : Resolved
Ramesh Gajam
(Querist)
15 September 2014
During AY 2012-13 i had a tax payable of 83000, but during making of online payment i had wrongly selected the AY 2011-12 instead of AY 2012-13 and assumed that it is paid for the respective year. But now i received an intimation u/s 143(1)for AY 2012-13 for payable amount along with interest of rs 105000. please help me on whether that amt will adjust against AY 2012-13 or whether any procedure to follow to get refund of that amount. what to do please help me
15 September 2014
you can file a rectification request u/s 154 by logging on income tax website and then under My account u can see rectification request u/s 154
Nikhil Kaushik
(Expert)
15 September 2014
you need to approach AO for amendment in challan details. Only after that you will be able to get any tax credit.
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