Self assessment in place of advance tax for 20-21


This query is : Resolved 

Quick Summary
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.

04 June 2020 File revised return for 2019-20 to seek refund and pay afresh advance tax for 2020-21.

04 June 2020 Assessment order has already been passed

04 June 2020 Order u/s 143(3) or intimation u/s 143(1).

04 June 2020 ASSESSMENT ORDER U/S 143(1)

04 June 2020 Then follow my first answer.


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