self assessment tax

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CA Sanjeev Kr Jain (Querist)
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22 May 2011 The return was e-filed. The balance tax (total tax - tds - advance tax) was wrongly deposited under the code 400 – TAX ON REGULAR ASSESSMENT instead of code 300 – SELF ASSESSMENT TAX due to which credit of this tax is not allowed by CPC and demand for the same amount is created. The rectification return is filed but of no use. On contact the CPC advised to get the challan code corrected by bank. The bank was contacted for this correction but bank could not do the correction.

Pl advise now what to do.

PARDEEP KUMAR AGGARWAL

PARDEEP KUMAR AGGARWAL (Expert)
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23 May 2011 While replying to the demand Notice, you just attached an application for such corrections stating the Bank Reply. It is just a clerical mistake and for this no penalty can be imposed. Kindly meet with your assessing officer of your ward or CIT/DCIT/ACIT of your ward/circle.

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