Correction in challan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 Dear Sir,
My client has deposited tds challan on 31 May for the first quarter of fy 2013-14. And we filed the tds return after cheking the status of challan at CSI file of TIN.

After some time trace processed that return and made that challan as unmatched. I carefully examined the challan and found that assessee has quoted the AY 2012-13 on that challan. Whether the Wrong AY can be the reason for challan unmatched status.

Now advise me what is the remedy for the correction AY in that challan.

Whether the bank still can correct the AY in challan as the seven day time after depositing the challan have passed

or

We have to move application to ITO TDS Ward for challan correction

Or

We have to move application to ITO Assessment for challan correction

or

We have to write to TRACE for challan correction.

Please clarify.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

22 August 2013 You need to write an application to AO TDS for correction in challan data. This is clearly mentioned in Challan Correction Mechanism issued by I.T. Department. See below link--

http://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

22 August 2013 Required Format for correction in Assessment Year:

Date :..........

To
The ITO
Ward.57 (3), TDS, Kolkata
10B, Middleton Row
Kolkata – 700 071

Sub: Request for Correction and/or rectification of Assessment Year in TDS challan.

Sir,

This is to inform you that we had deposited TDS of1000/- (One Thousand Only) u/s 194-J pertaining to the month of March’2010 but at the time of online payment of the said amount the Ay was wrongly selected as .......instead of ...................

We therefore request you to kindly make the necessary correction in your records. We are also enclosing a photocopy of the said challan.

We regret for our inadvertent mistake.

Thanking you,

Yours faithfully,

For .................... Pvt. Ltd.

(Authorized Signatory)

Note: Please make necessary changes whereever required.

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 That means only ITO tds can solve the matter and ITO Assessment can not help in this matter.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

22 August 2013 As per CCM given by department:

After the window period available to banks for challan correction, the assessee can make a request for correction to his or her assessing officer, who is authorized under the departmental OLTAS application to make such correction in challan data in bonafide cases, to enable credit of the taxes paid, to the concerned assessee.

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 If I am not wrong, correct Ay for the above challan would be 2014-15.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

22 August 2013 Yes correct Assessment Year would be AY 2014-15.

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 In the above case Traces has made this challan as unmatched while processing the 26Q. Whether the worong AY can be reason for unmatch as challan no. and date were correctly mentioned by me in the 26Q return.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

22 August 2013 Yes wrong AY will be the reason.

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 Do I have to write any letter also to Traces. They have send me intimation on email about 1 week ago and demanding the amount equal to that challan amount.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

22 August 2013 Write a letter to your TDS AO and also send a copy of the communication to TRACES.

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 Thanks a lot Sir.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now