Correction of pan no in oltas/nsdl database

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CA. Mahesh Sharma (Querist)
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18 October 2011 Dear All

One of my banker, At the time of making ADVANCE TAX PAYMENT for his custoner wrong PAN no has been fidded in OLTS/NSDL DATABASE however correct PAN was mentioned in CHALLAN therfore such advance tax payment has not been reflect in FORM 26AS and credit was not given to assessee by CPC.

When assessee has filled rectification u/s 154 to CPC, along with copy of challan in which correct PAN was mentioned then CPC has replied that "IF ADVANCE TAX OR SELF ASSESSMENT TAX PAYMENTS ARE NOT AVAILABLE IN ASSESSEE'S ACCOUNT ,AS PER FORM 26AS, THE ASSESSEE HAS TO GET THE SAME CORRECTED BY THEBANK AND CORRECTED DATA UPLOADED TO OLTAS/NSDL DATABASE.

Further I wants to clearify that Therewas specofic guideline regarding payment made on and after 01/09/2011 but our payment transcation is related to March 2010

So please suggest any process to rectify NSDL/OLTAS Data by Banker where is AO(CPC) has directed to assessee to get it corrected by Banker.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 October 2011 Pl see the procedure in https://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf

CA. Mahesh Sharma

CA. Mahesh Sharma (Querist)
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19 October 2011 Dear All

One of my banker, At the time of making ADVANCE TAX PAYMENT for his custoner wrong PAN no has been fidded in OLTS/NSDL DATABASE however correct PAN was mentioned in CHALLAN therfore such advance tax payment has not been reflect in FORM 26AS and credit was not given to assessee by CPC.

When assessee has filled rectification u/s 154 to CPC, along with copy of challan in which correct PAN was mentioned then CPC has replied that "IF ADVANCE TAX OR SELF ASSESSMENT TAX PAYMENTS ARE NOT AVAILABLE IN ASSESSEE'S ACCOUNT ,AS PER FORM 26AS, THE ASSESSEE HAS TO GET THE SAME CORRECTED BY THEBANK AND CORRECTED DATA UPLOADED TO OLTAS/NSDL DATABASE.

Further I wants to clearify that Therewas specofic guideline regarding payment made on and after 01/09/2011 but our payment transcation is related to March 2010

So please suggest any process to rectify NSDL/OLTAS Data by Banker where is AO(CPC) has directed to assessee to get it corrected by Banker.

CA. Mahesh Sharma

CA. Mahesh Sharma (Querist)
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19 October 2011 I wants to clearify that There was specific guideline regarding payment made on and after 01/09/2011 but our payment transcation is related to March 2010 further AO(CPC) has directed to assessee that correction on OLTAS/NSDL data base to be done by banker.

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