REGARDING CHALLAN CORRECTION OF ADVANCE TAX

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This query is : Resolved

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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.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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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?