Outstanding tax demand

Tax queries 976 views 4 replies

Shailesh

Others

25 Points Joined July 2014

Hi,

I recieved an outstanding tax demand last year and i paid the amount specified in CPC today thru online using axis bank and i got a reciept containing the challan number but i made a mistake of typing incorrect assessment year so will der would be a problem in deducting the amount due to incorrect assessment year.

Thanks,

Shailesh Nair.

Replies (4)

Guest

Draft a requesting letter to Your Assessing Officer along with cpc communication letter and your axis bank tax payment challan. don't worry about the same this issue will solved soon when you visit your assessing officer.

Anubhav

Chartered Accountant

429 Points Joined March 2008

Visit the AO of your respective ward, with a request letter stating the concern and PAN number with the copy of challan. Make sure to take two copies of this letter, get it recieved by them, for your proof in future. There will be no problem getting it adjusted. Also if they do any adjustment on sight, ask for rectification order. As this rectfication order will be final that you will not recieve any demand order in future.

AJH & CO

9868729930

CA Hardik Bunha

self

2121 Points Joined June 2011

YOU DONT HAVE TO VISIT A.O. OR DRAFT A LETTER.

YOU HAVE TO DEMAND ORDER U/S 143(1) ONLINE FROM SITE

THEN RECTIFY IT BY SELECTING TAX CREDIT MISMATCH. THIS PROCESS WILL BE DONE FOR THE YEAR YOU WROTE FALSE ASSESSMENT YEAR.

THEN U WILL RECEIVE REFUND.

NOW YOU HAVE TO PAID DEMAND UNDER HEAR "400" IN CHALLAN.

PLEASE DONT MAKE DEMAND PAYMENT NOW AND FOLLOW ABOVE MENTION PROCESS FIRST.

Manoj Sadaria

Practicing Professional

253 Points Joined March 2009

Tax Challan can be rectified by below mentioned procedure.

You have to rectify your assessment year.

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:

Above correction mechanism is applicable only for physical challans with deposit date greater than equal to September 1, 2011.
Any correction request initiated by the taxpayer after the time limit specified above shall be rejected by Bank.
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.
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

For rectifications in challans paid through online mode (internet challan), taxpayer may contact their concerned Assessing Officer (AO) of the Income Tax Department (ITD).

I have attached Challan Correction Mechanism in PDF format: