How to claim tax paid on regular assessment

Others 1611 views 3 replies

Rahul Gupta

Chartered Accountant

644 Points Joined November 2010

For the A.Y. 2010-11 i have received the Assessment order with Demand Raised by AO. Subsequently we have deposited the Tax of Rs. 62887/- under 400 - TAX PAID ON REGULAR ASSESSMENT. Lateron we have filed the rectification and after the rectified return we found that there is nothing due to pay and Rs. 62887/- already deposited is excess of net tax.

Now it is not under the head 100 - Advance Tax as well as not 300 - Self Assessment Tax. Rs. 62887/- is also shown in Form 26AS. Now how can i claim Rs. 62887/- i.e. tax paid on regular assessment. As there is no option available under the Form ITR - 4.

Should i treat is as a Self Assessment Tax and file a rectification online or something else. Please reply it's urgent.

Replies (3)

satish kumar voleti

A.C.A. (ICWAI)

1686 Points Joined May 2008

if you have all the evidence that you are not required to pay the said amount file a revised return claiming the excess amount paid as refund, you can file the revised return provided the assessment is not completed , based on the information provided by you it seems assessment is completed, if it is yes, then go for revision of your assessment.

Rahul Gupta

Chartered Accountant

644 Points Joined November 2010

I will do the revision of assessment but i am in a confusion as file filing the rectification file there is no provision to claim and mention the taxes paid on regular assessment. While there are 2 options available i.e. Advance Tax & Self Assessment Tax. In order to claim the tax paid on regular assessment i must have to mention it on ITR.

so to do the same should i treat it as Deemed self assessment tax