wrong assessment year on TDS challan

4845 views 8 replies

while making TDS payment through bank (not through e-payment) for the month of Oct 2007, we have wrongly mentioned the assessment year as 2007-08 instead of 2008-09. Now we got a notice from the IT Dept. They considered this payment for the A.Y. 2007-08, demanded to pay interest for 6 months delayed payment (considering last date for that A.Y. as 31.05.08, interest demanded from June 2008 to Nov 2008). Now my question is how to reply to the A.O. Can I simply write a letter saying that A.Y. was wrongly mentioned in the challan, will the Dept. accept? or any other formalities to be done?

Replies (8)

first of all you can reply to the A.O by simple letter saying that A.Y. was wrongly mentioned in the challan.

in online payement of TDS of financial year 2011-12 assessment year 2012-13.
i have wrongly entered assessment year 2011-12 and deposited TDS. 

now i want to know what is the way to correct it?
is it refundable or adjustable in assessment year 2012-13. please rply as soon as possible

There is no option to make correction in e-payment challan once paid. So, first  you should file the tds return with those challans. And whenever you received a notice regarding demand of tds, you can meet your local assessing officer along with those wrong assement year paid challans, with the supporting evidence that they are not yet claimed in the last year (i.e.A.Y.2011-12).

Regards

 

In TDS challan correction circular there are certain criteria that you can ask bank manager or ITO a request to change with formal letter stating that it was an inadvertant mistake, banker or ITO can rectify the same on the request of TAN holder..

i hv beet correct it....by an application to TDS assessee officer withg an indemnity bond attested by notary.

Dear Abhishek Ji

can you provide that indemnity bond format / langauges. 

 

Thanks

diwakar.mishra84 @ yahoo.com

Hi,

 can you provide that indemnity bond format / langauges.   

Thanks

sundeepbhardwaj @ yahoo.co.in 

 

^ Please Mention Your Exact issue....And Better Make New Thread For The Same.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details