Unique problem related to tax paid

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concerned year: Assessment year 2011-12

one of our client had to pay advance tax pertaining to this year. we gave him the challan on 26/03/2011. however, he paid the same in to his bank on 05/04/2011.
Now as per details sent by bank to IT dept, this must have gone to Advance tax code (as is reflected in Form 26AS).

However, Income tax department ( as per 143-1 intimation) has disallowed this tax payment. (we had put this amount in Advance tax column).

Now filing for rectification, should we file this amount under 'Advance tax' or 'S.A. tax' column ?

Thank you.

Replies (4)

It can not be Advance Tax as it is not paid within the due date.

U can rectify by showowing either as Self Assessment Tax including the applicable Interest U/s 234B & 234C or as Tax on Regular Assessment if the demand notice attached as per intimation U/s 143 (1).

I agree with Mr. Subhash and i think advance tax can not be paid after 15th march, whereas you have given the challan of advance tax on 26th march 2011.

Agreed with Mr Subhash & Mr Durga prasad, it cannot be treated as advance tax payment.

But  however, Income tax department ( as per 143-1 intimation) cannot ignore this tax payment. 

Just reconsider the facts of the case & file rectification. 

 

the same problem was happened in case of one of our client......... just claim that challan as Advance Tax only while filling rectification and write a note there................... do not forget to mention challan details, cpc gives the credit in such cases...........

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