Self assessed Tax paid for the year 2020-21

523 views 9 replies

I have paid self-assessed Tax for the year 2020-21. Amount Rs 65000. 

challan is available and it is also showing in the Annual report for the year 2020-21. 

it is not used for claiming Tax paid for years. 2020-2021.

1) Can I use the same self-assessed Tax paid in next subsequent years? How many years I can use.?

2) if any Tax I have to pay in subsequent years, can I setoff against this self-assessed tax paid.

Please advice

Thanks

Venkatesan

 

 

 

Replies (9)
You request department to change to current Assessment Year and head may be changed to advance tax
Why was SA tax paid when tax was not due??
@ Mahesh Shah,

I think he has paid SAT but forgot to claim in ITR

@ Venkatesh Sundaram,
You can't use the self assessment tax in subsequent years. It's mistake apparent from the record.

You may apply for rectification return and get refund

@   Reddy ji.....such grave mistake??

Yes. He has clearly stated in the query. It happens practically

It will  be difficult for jurisdiction  AO to do so after gap of 2 yrs

Rectification will not help

It helps only in case of arithmetic errors

It's difficult but department has authority to challan correction like AY, category etc
@ Mr Mahesh Shah,

Definitely it's not possible...
But, Some time some of AO can accept the genuineness of the fact...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details