This discussion addresses a taxpayer who mistakenly paid advance tax for the 2020-21 financial year but incorrectly labelled it as self-assessment tax for the 2019-20 assessment year. Since the assessment order for 2019-20 has already been passed, the recommended solution is to file a revised return for 2019-20 to claim a refund and then pay the advance tax correctly for 2020-21.
04 June 2020
An assessee paid advance tax (2020-21) on 15th March 2020 but wrongly written in challan as self assessment for assessment year 19-20. However assessment order has already been passed in December 2019.