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Wrong tan entry by bank

v.r. mukunthan (Sr. Manager - Finance & Accounts ) (60 Points)

09 December 2011

tan number has been entered wrongly by bank. we have requested the a.o. to rectify and same has been rectified by a.o. but tan number has not changed in tin-nsdl oltas. further we asked a.o. he replied that we have changed in our oltas and you file return with that particulat challan. please advise and how we can file return. thanks in advance

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4 Replies

Vasanth (Chartered Accountant) (168 Points)
Replied 09 December 2011

dear mukunthan,

i think we also had a similar situation some time ago..then we had to go for a tedius procedure to write letter to bank and to check with them regularly for them to correct it...thats the only option i think as a.o can grant credit only if it reflets in 26as and it happens only when tanmatches..

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CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)
Replied 21 December 2011

you have to see the nsdl website. If it is not rectified you have to correct the data base by moving to a tin centre.

Mahendra Pandil (Student Final CA) (93 Points)
Replied 21 December 2011

DEAR v.r. mukunthan,

FIRST OF ALL DOWNLOAD THE FOLLOWING PDF FILE.

https://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdfincometaxindia.gov.in%2Farchive%2FLeftMenu_ChallanCorrectionMechanism_26082011.pdf&ei=WePxTsL9EYvirAfjrNzmDw&usg=AFQjCNESDYbXAgX2HlmWksMZk0L21NwwUg

MOREOVER, THE OLTAS (On Line Tax Accounting System) HAS INTRODUCED New Procedure of challan correction by banks (for physical challans): the banks are permitted to correct data relating to three fields only i.e. amount, major head code and name.

The other errors can be corrected only by the assessing officers.

THERE IS TIME LIMIT MENTIONED FOR EACH TYPE OF CORRECTION., U MAY NEED TO REQUEST THE BANK WITH THE ATTACHED COPY OF PROCEDURE AFTER FILLING THE CORRECT DETAILS IN REQUEST LETTER ATTACHED..

NOTE: CORECTION IN FIELDS OTHER THAN PAN/TAN, ASS. YEAR AND AMOUNT ARE PERMITTED TO BE REQUESTED FOR CORRECTION WITHIN 3 MONTHS FROM DATE OF CHALLAN..U MAY FOLLOW THE SAME,

AS PAN/TAN CAN ONLY BE CORRECTED WITHIN 7DAYS..BEST LUCK IN ADVANCE..

TRY THE SAME PROCEDURE AND REPLY, WHETHER YOU GOT SUCCESS IN CORRECTING THE SAID CHALLAN... BEST LUCK.

CA. S. Balasubramanian (Chartered Accountant) (192 Points)
Replied 03 January 2012

dear sirm

first you file the return by including this challan. You may receive a notice from ITD that you have a short payment of TDS. Then you go to the AO produce the challan with different TAN. Then he will make necessary corrections. This may be done in advance if the ITO accept you request in Advance. They are all busy in finalising 2007-08 and 2008-09. Hence they may not reponse to your request. But when the notice comes from ITD, they will defiently change the TAN to relase the short payment shown in the notice.

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