Noted Wrong AY while paying Taxes

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article assistant
43 Points Posted on 15 March 2020
Hi I have received a case, where wrong AY is noted while paying the tax. Due to which tax credit has gone to some previous years which is already filed and processed.

what is the remedy to claim refund?
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On 15 March 2020 at 22:48 Report
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Quick Summary
If you've paid taxes with the incorrect Assessment Year (AY), leading to tax credits being misallocated, there are remedies available. You can apply to your jurisdictional Assessing Officer (AO) for correction of the AY. If the payment was made recently, banks may be authorised to correct the AY within up to 7 days of the transaction.

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"Do the Right Thing...!!!"
128162 Points Posted on 15 March 2020
Better to contact and consider the details with your ward AO...
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On 15 March 2020 at 23:02
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ARTICLE ASSISTANT
129 Points Posted on 15 March 2020
Online payment or physical challan. please elobrate in details.
1 Reply
On 15 March 2020 at 23:33
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12244 Points Posted on 15 March 2020
What ever the mode of payment, you can apply before your jurisdictional AO for correction of assessment year and it'll be done
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On 15 March 2020 at 23:35
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Employee
33 Points Posted on 16 March 2020
Contact immediately Bank ...upto 7 days banks are authorized to correct the A.Y
1 Reply
On 16 March 2020 at 00:04

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