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.
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How to claim tax paid on regular assessment
Replies (3)
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.
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
My view is that any tax paid after the end of the respective previous year is Self Assessment Tax.Wait for others to comment.
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