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Payment of Advance tax under wrong FY

aman (student) (27 Points)

24 November 2021  
Advance tax was paid wrongly for financial year 19-20 but actually it was for 2020-21. How to adjust the same while filing the ITR for FY-2020-21.

 7 Replies

Janak Shah (ca) (554 Points)
Replied 24 November 2021

Get the challan AY corrected by AO.

CA Raj Doshi (Practising CA) (5528 Points)
Replied 25 November 2021

What is the amount involved. ? Have you evaluated taking a refund for fy 1920 by way of rectification and paying self assessment tax in fy 2021 if the client has spare funds.?

Try fy 1920 rectification, you might received the refund in a month and then you can use the same funds to pay fy 2021 sa tax before return filing due date.


ofcourse going to the officer is advisable provided he does the changes really fast

https://cleartax.in/s/rectify-errors-made-payment-advance-tax-self-assessment-tax

sabyasachi mukherjee (6710 Points)
Replied 25 November 2021

The challenge cannot be corrected .
whatever tax need to be paid pay it.
you cannot adjust one assessment year's tax with others.Thats seperate.

aman (student) (27 Points)
Replied 25 November 2021

Amount involved is 40000

sabyasachi mukherjee (6710 Points)
Replied 25 November 2021

The tax paid cannot be corrected.
forward the file at contactat @ easyaccountingaudittax.co.in

aman (student) (27 Points)
Replied 25 November 2021

Then how assessee can claim the benefit of 40000 as fy19-20 return is already filed and processed.

sabyasachi mukherjee (6710 Points)
Replied 25 November 2021

Send the details at contactat @ easyaccountingaudittax.co.in

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