Wrong Asst year in e-payment of TDS

If while making payment of TDS for asst. year 2010-11, the asst year was given wrongly as 2009-10, what should one do to rectify it. The payment has been done on net and the receipt has been generated.

Replies (10)

Dear Sudhir

As far as my concerned there is no option to change it .  As you deposit the TDS in the period between 01St May  to  07th May so it can justified. But another way that you can show EXCESS deposit in last year qtrly return  then you can adjust the same in current month payment and it is totally my view but still law doesn't say about it...............

Dear Sudhir,

You can file a letter with the concerned TDS Circle requesting them to change the Assessement year of the challan.

In case you have already entered this challan details in ETDS Returns then, it will be booked accordingly for the earlier year payments. Make sure that you have not used this challan for any earlier payments.

Dear Mr. Venkatesh,

I doubt if there is any procedure where in ITO(TDS) can make any change in a challan generated by online e-payment of tax. Have you ever done or seen any body doing this? The challan is not used for earlier periods. The payment has been made just two days before for TDS for the month of APRIL 2009. I believe if I go to ITO TDS, he would say, he never receive any such challans, so he can not do anything. Moreover returns are also sent to NSDL, these come to the PC of ITO (TDS) only after it is accepted by NSDL.

Yes you can change the Assessment year for the same you have to write a letter to TDS assessing officer, requesting for rectification of mistake.

Dear Mr Vipul,

Should I write letter before or after submitting the CD to a TIN FC?

Dear Sudhir

According to Circular No. 285, dtd: 21-10-1980, clarifies that the excess payment of TDS can be adjusted against the existing tax liability under any of the Direct Tax Acts..

In your case you have made excess payment of TDS for AY 2009-10, for which i think,still you have to file the Return of Income. So while filing ITR for AY 2009-10, Make the TDS computation sheet seapately and show the refund of TDS & adjust the same with your tax liabilty if still refund arrives then claim the refund in the ITR..  

Hope this might have solved your query.

 

as per the guidelines given on the NSDL site, you should write the letter to your TDS Assessing officer, you can write it before and if the due date for filing the TDS return is close  then you can submit the CD and file the letter after that.

Once you submit the TDS return CD to NSDL with wrong Challan details, you will receive a letter from NSDL asking you to contact your TDS range officer to rectify the challan details

Dear Mr Indudhar,

Thanks for your reply. It is interesting. Let me give it a thought and check the circular, I shall write you soon after that.

Thanks once again.

Regards,

Sudhir Kumar Kalra

 

Go to below mentioned link & refer answer to FAQ no. 3

https://www.tin-nsdl.com/faqOLTASdeposit.asp

thanks for the information...

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