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Advance tax on wrong pan

roopesh (Management Consultant) (84 Points)

29 February 2012

One of my clients made Advance Tax payment on a wrong PAN by mistake. For rectify the mistake, I submitted a request with respective ITO and he personally informed me that he corrected the mistake in his system. But while looking into 26AS, I did not get the corrected entry. What should I do?

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CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 29 February 2012

Then in such case again meet him personally and even give him an official letter signed by u stating wat happened after ITO's response and still d mistake is seen in 26AS.

Also pls attach d copy of 26AS whic is not correct.

Vignesh Killur (Articled Assistant) (1666 Points)
Replied 29 February 2012

Roopesh,

If the mistake happened before 7 days, then it is better to approach the particular Branch of the Bank from which you made the payment. As per the new scheme of challan correction, even branch managers of banks are authorized to make changes in the OLTAS application. But for such a step, a request should be sent in writing to the Branch Manager informing him of the changes in the challan. Also the timeframe within which action has to be taken is 7 days from receipt of your letter.

Please send the following documents to the bank

1. Copy of your PAN card

2. Copy of the challan

3. Letter stating the changes required in the challan. (in Duplicate)

4. if assessee is other than an Individual, Original Authorisation (in Stamp paper)

I have attached the Format of the letter for the challan corrrection

After the the time window has expired, the Assessee can approach the AO

Attached File : 490852 940567 leftmenu challancorrectionmechanism 26082011.pdf downloaded: 397 times

2 Like

CA Kiran Sutrave (CA) (428 Points)
Replied 01 March 2012

Agree with Vignesh. If you read the attachment, Challan Correction Mechanism will be applicable only if the TDS payment was done on or after September 01, 2011.

roopesh (Management Consultant) (84 Points)
Replied 02 March 2012

Dear All,

The issue pertaing to Financial Year 2010-11 only. Also I downloaded a copy of 26AS and cannot seen the corrected amount in 26AS. But the assessing officer still says that he is already corrected the return in IT website (I dont know whether there is any communication gap in between IT website and NSDL website).

Thanks in advance

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 02 March 2012

Its Better to meet him in person and der itself prove ur ITO wrong dat 26AS as he claims is correct by takin a print in frnt of him and dat too frm his pc so dat der will be no chance of miscommunication and ur issue will resolved at earliest.

Challan correction mechanism will not be applicable in ur case as its applicable frm 1/9/2011 and ur issue pertains to FY10-11.

Hope ur query is resolved.