Re-rectification of challan in respect of a.y.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 April 2018 Sir/Madam,
My had done a mistake in assessment year during online depositing his Income tax for assessment year 2016-17.He wrote as 2015-16 ay.
In the meantime he received an Intimation letter from CPC, Bangalore regarding tax deposit for 2016-17 ay. He again deposited by next Challan.
He he has also deposited income tax for 2017-18a.y.
Now my son wrote an application to A.O. in Feb.2018 for rectification of assessment year in the previous Challan . Again my son made a mistake in Application to A.O. by writing Assessment year to be corrected as 2016-17a.y. in stead of 2017-18a.y. BUT In the meantime A.O. CORRECTED THE A.Y. as 2016-17.
Sir, Now please help me by giving your valuable Advice as How blocked money (presently shown in 26as of 2016-17) be adjusted/refunded Or transferred to 26as of 2017-18ay.
My son is a new employee for filling income tax that time.But now he has realized his mistake.
I am a Senior Citizen. Please help me with your valuable reply. Thanks sir/madam ji.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 April 2018 File rectification under section 154 selecting tax credit mismatch option and up date tax payments of return and seeking refund. The tax refund will be adjusted in the next year tax demand.

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Querist : Anonymous

Querist : Anonymous (Querist)

14 April 2018 Sir,
Please let me know clearly "for which A.Y. update payment of tax return has to be made. As credit of amount is showing in 26as of 2016-17ay. Also 2017-18ay tax has been paid.
Sir, I WILL PAY YOUR REQUIRED CONSULTATION FEE AS PER YOUR ADVICE.
YOU MUST BE REMEMBER Sir, I HAD ALSO TALKED TO YOU OVER MOBILE PHONE IN NOVEMBER 2017 at Bangalore. You had provided your number to me.
As a father I am very much puzzled.
As my son also has written an application to Concerned A.O. thro' email & physically by speed post for the same. What should I do?
Please help. Thanks,sir.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 April 2018 No fees need to be paid. I am little confused on assessment years. Please tell me in which year the excess tax credit lies as per 26AS. Which year you filed the return.

Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2018 Respected sir,
Here I am giving all details of e-filing return online including wrong Challan date:-
(A) Date of e-filing return thro' Challan with wrong (ay2015-16) in lieu of (2016-17ay)-- 23/07/2016.( Not considered as tax return & amount shown in (26as of 2015-16ay).
(B) Again Date of e-filing after receiving Intimation143(1) for same A.Y.2016-17 thro' Challan with interest :- 18/05/2017.( In Intimation letter dtd.27/12/2016,Previous Challan amount also given in column of Self assessment tax but not computed u/143(1)
(C) Date of e-filing return Online for A.Y. 2017-18:-10/07/2017.( In this return previous Challan amount was also filed u/ 'Advance tax' head, which was again not computed u/143(1) but on last page in Table- A Details given as 'Unmatched Tax payment'.
(D)Sir,now in FEB.2018 First application for correction of Wrong A.Y.(2015-16) was given to Concerned A.O. Which he changed A.Y. to 2016-17ay.(Now it lies in 26as of 2016-17ay.)
(E) Since the said amount of challan was also mentioned in Return of A.Y.2017-18;
hence Again another 'Regret cum Re-rectification' letter was sent to A.O. by e-mail as well as by speed post for changing A.Y. 2016-17 to A.Y.2017-18. on 05/04/2018.
Said amount still lies in (26as of 2016-17ay, under table C, Other than tds/tcs head) till date.
This is the main reason for which I am very much Puzzled,Sir Ji.
Please help my son for which I will be ever grateful to you. Now he has also realised his mistake. Please explain clearly about process of rectification, May I HOPE for Refund or Adjustment & by which year. Also what is the last date. Thanks please.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 April 2018 Now I clearly understood your problem now you have to file 154 rectification selecting the option of tax credit mismatch seeking refund of excess tax paid for AY 2016-17.
No need to worry your problem can be solved in a simple way by filing rectification and seeking refund.
Call me if you need help you have my number.

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