Less cess paid in advance tax

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Manager
54 Points Posted on 11 March 2024

Dear Members,

While paying advance income tax for FY 23-24 by mistake I added lesser amount of Cess i.e. in place of 4% it comes around 2.7% of advance tax I paid.

Is it problem, if yes how to rectify it? Will it be adjusted and corrected at the time of ITR filing for FY 23-24.

 

Thanks in Advance

 

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On 11 March 2024 at 14:14 Report
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Quick Summary
A member mistakenly paid advance income tax for FY 23-24 with a lower cess amount (around 2.7% instead of 4%). They are seeking advice on whether this is an issue and how to rectify it, specifically if it can be corrected during ITR filing. Responses suggest it's generally not a major problem and can be adjusted against the final tax liability when filing the Income Tax Return (ITR).

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"Do the Right Thing...!!!"
77792 Points Posted on 11 March 2024
It's not a big problem... so, please be cool.


Yes, It's can be rectified at the time of filing ITR.
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On 11 March 2024 at 15:57
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Manager
54 Points Posted on 11 March 2024

Thank you Raja P M sir for your response

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On 11 March 2024 at 15:58
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"Do the Right Thing...!!!"
77792 Points Posted on 11 March 2024
Originally posted by : Anoop Agarwal
Thank you Raja P M sir for your response

You are most welcome Mr Anoop Agarwal...

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On 11 March 2024 at 16:50
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Profession
19978 Points Posted on 12 March 2024
Can't be rectified.
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On 12 March 2024 at 08:06
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"Do the Right Thing...!!!"
77792 Points Posted on 12 March 2024
Originally posted by : sabyasachi mukherjee
Can't be rectified.

It's can't rectified by You. Bcoz of You are A ........

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On 12 March 2024 at 09:16
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Profession
19978 Points Posted on 12 March 2024
FYI 23-24
tax paid , cess can't be rectified in general. Adjust with tax liability later on.
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On 12 March 2024 at 17:27

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