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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Advance tax on wrong pan
Replies (5)
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.
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
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.
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
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.
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