Tax credit mismatch.

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This query is : Resolved

Hiralal Sah (Querist)

14 April 2018 Sir,
I am a senior citizen. On behalf of my son ( new taxpayer by that time), I want your valuable Advice clearly regarding his unknown mistake in Challan assessment year during online e-filing tax as " self assessment tax". Wrongly mentioned (2015-16ay) instead of (2016-17ay) & tax was deposited.
After receiving Intimation143(1) from CPC banglore, he again deposited tax thro' challan(2016-17ay) with interest.
He has also deposited tax for (2017-18ay) online in which previous challan amount was shown as advance tax deposited & requested for refund. No refund made.
Now in FEB.2018 a letter to concerned A.O. was written for correction in assessment year(2015-16) as (2016-17ay). A.O. corrected accordingly(presently in 26as of 2016-17ay).
But this time he again made a mistake in Application. Assessment year should have been (2017-18) as amount has been shown in Last assessment year(2017-18).
On 5th April 2018, again a Regret cum Re-rectification letter for A.Y.(2016-17) to A.Y.(2017-18) has been sent by speed post as well as thro' e-mail.
Now I am puzzled,sir. What has to be done for Recovering the Balance amount Shown in 26as of (2016-17ay) as ALL TAXES HAVE BEEN PAID.
No Correction by Concerned A.O. has been till date.
Please help my son as he has understood his mistake.I will be ever grateful to you,Sir/Madam ji. Thanks.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

15 April 2018 Check 26AS and find out in which year the excess payment lies. Claim refund through 154 rectification if return has been filed for that year else file return with condonation application approval by CIT seeking refund.

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