REGARDING CHALLAN CORRECTION OF ADVANCE TAX


This query is : Resolved 

Quick Summary
This discussion concerns the possibility of correcting an advance tax challan. The taxpayer paid advance tax for Assessment Year 2023-24 but did not utilise it when filing their Income Tax Return. They are enquiring if the assessment year on the challan can be changed to AY 2024-25 to utilise the payment in the current financial year. Unfortunately, their jurisdictional assessing officer has already denied this correction, and it appears there are limited options available once such a denial has occurred.

21 May 2024 If advance tax is paid in Assessment year 2023-24 but not consumed in such assessment year while filing ITR u/s 139(1) so is there any provision for correcting such challan of advance tax by changing assessment year to A.Y.2024-25 and consume such challan in current financial year?
While Juridictional assessing officer has denied for such challan correction now is there any option to consume such challan?

21 May 2024 Not possible when IT officer has denied himself.

05 September 2024 Good Luck.


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