Wrong Assesment Year
This query is : Resolved
24 September 2008
Hi,
We are corporate, while paying advance tax for AY 09-10 we wrongly put it as a AY 08-09, as it was done through online payment. now how can i resolve this issue??? can i put it in the current years IT return as refundable or is there any provision regarding changing Assessment year. If yes please give me the details.
Waiting for your reply. its urgent.
We are corporate, while paying advance tax for AY 09-10 we wrongly put it as a AY 08-09, as it was done through online payment. now how can i resolve this issue??? can i put it in the current years IT return as refundable or is there any provision regarding changing Assessment year. If yes please give me the details.
Waiting for your reply. its urgent.
24 September 2008
Better to put it in current year IT return and seek refund.
chetan soni
(Expert)
24 September 2008
Thats correct, also due to this you advance tax inst. got missed so pay more advance tax in the next inst.
24 September 2008
but if I include it in this IT return what will be my answer to assessing officer if he asked me why I was paid so much advance tax??? as well i was heard some where that its possible but don't know the procedure.
Ravikumar.G
(Expert)
25 September 2008
It is possible by way of letter (Intimation) to AO to correct the same.
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