Hi
How to rectify if a self assessment tax paid for previous year wrongly,
Business starts from A.Y.11-12, but due to some misunderstanding A.Y.10.11 tax has been paid, where there was no income tax return filed. It suppose to paid for A.Y.12-13
Is there any chance to transfer that amount for current assessment I mean, A.Y.12-13.
If yes, then what would be the procedure?
Regards
Suraj
NSDL receives tax collection data as uploaded by the bank. NSDL is not authorized to carry out any changes in the data sent by the bank to TIN.
The fields that can be corrected by the Taxpayer through Bank are tabulated below:
| Sl. No. | Type of Correction on Challan | Period for correction request (in days) |
| 1 | PAN/TAN | Within 7 days from challan deposit date |
| 2 | Assessment Year | Within 7 days from challan deposit date |
| 3 | Total Amount | Within 7 days from challan deposit date |
| 4 | Major Head | Within 3 months from challan deposit date |
| 5 | Minor Head | Within 3 months from challan deposit date |
| 6 | Nature of Payment | Within 3 months from challan deposit date |
Note :
1. Above correction mechanism is applicable only for physical challans with deposit date greater than equal to September 1, 2011.
2. Any correction request initiated by the taxpayer after the time limit specified above shall be rejected by Bank.
3. For challans with challan deposit date from September 1, 2011 to September 30, 2011, the time limit for correction in TAN/PAN, Assessment Year and Amount will be within 45 days from challan deposit date.
4. The fields that can be corrected and the entity authorized to carry out corrections on challan with deposit date less than September 1, 2011 are as below:
| Sl. No. | Type of Correction on Challan | Performed By |
| 1 | PAN/TAN | Assessing Officer |
| 2 | Assessment Year | Assessing Officer |
| 3 | Major Head | Assessing Officer /Bank |
| 4 | Minor Head | Assessing Officer |
| 5 | Nature of Payment | Assessing Officer |
| 6 | Total Amount | Bank |
| 7 | Name |
Bank
|
IF NOT POSSIBLE ,WRITE A LEETER TO THE CONCERNED JURISDICTIONAL ASSESSING OFFICER.
MANUJ SHARMA AND COMPANY
Noida
CA Inter
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CA Suraj Garg & Associates
New Delhi
CA Final
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AJAY SINGH AND CO LLP
Thane
CA Final
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CCI
Pro
CAclubindia
