wrong assessment year on TDS challan

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.

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