Time for self assesment tax to reflect in form 26 as

ITR 21451 views 15 replies

Hello,

Filed my Tax Return. There was some Tax due so I paid it through Seld assesment - epay route. Its been three days but this amount has not been updated in my Form 26 AS. Such Amount should come in part C of the form 26 AS. I have taken challan print out though my net banking website.

My question is, my return shows tax payable. If I submit the ITR V, then I think I will get Demand notice from department with interest, incase form 26 AS is not updated for a long time. Am I correct ?

Also how long it takes form 26AS to get updated after one has paid tax through self assessment route.

My plan is to revise my return as and when 26 AS gets updated as I can revise my return because I have filed it before due date.

Please advise.

Regards,

Pranav.

Replies (15)

You should upload the return with challan and BSR code you paid as self assesment tax.

There is no point in uploading the return without that. The CIN, BSR code and Challan date you get immediatly.

Thanks Kiran for replying. Now I have filed my return. What options do I have?

Also, How much time it takes for self assessment payment of tax to get updated in my form 26 AS ?

Normally 3/4 days from the day you pay tax. If Sunday comes then mostlty 5 days also.

How much time did it take finally? I am in a similar boat right now. Waiting for transaction to show up on Traces Website.

in same situation, let me know the steps

It should come usually in 48 hours but I have seen it not getting updated for 6 months! The lax attitude of the accounts team of that organization is to be blamed. 

Self assessment tax has been paid by cheque .However date of debit and date of cheque tendered is different . what will be the date of deposit in ITR .Please guide .Thank you

 

@ S.Ghosh    Goto https://tin.tin.nsdl.com/oltas/servlet/QueryTaxpayer  - click on CIN based view

Keep BSR code , Amount, Date of Deposit, Challan number ready.

 

Tried the same ,showing no record found .

Let us you pay on  12th Sept. By 14/15th Sept on NSDL website and by  17/18 sept on 26AS.

One day here there depending on Sunday in between. 

You ll be enter the payment debited date from your bank
the challan has been updated on OLTAS . Thanking all of you .Date of presentation of cheque has been treated bas challn tender date in the OLTAS status .(However cheque encashment date has not been considered , tax has been credited to Central govt Account after two days of debit of cheque ) .
You are Welcome Mr S Ghosh...
Also you Enjoy....

Hi,

Ideally it should take 2-3 working days to update the 26AS with the details of the self assessment tax paid in the account of the banks designated by the revenue department. It can take more than the normal 2-3 days time in case there is a technical glitch in the Bank's or NSDL's servers which should'nt happen much anyway.

Still, if there is non updation of the 26AS, then the assessee can file the ITR with the details of the tax deposited with respect to details of BSR Code, Challan Number, date of payment or presentation of cheque to the bank.

It is pertinent to note that 26AS is just a statement of the details of TDS and taxes paid in the account of the department. The taxpayer will not be denied the credit of taxes paid even if they do not reflect in the 26AS.

Even if the 26AS is not updated by the time of filing of return, then the assessee has the option to file the revised ITR u/s 139(5) under which return can be revised and filed up to the end of the relevant assessment year or before the completion of assessment, whichever is earlier.

Therefore, there is no need to panic and file the return within the due date with the necessary details of any taxes paid.


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