Wrong tax payment

Others 188 views 2 replies
If a person make wrong payment of tax for Ay 2019-20 instead of 2020-21 then how to get that refund or adjustment of that amount for cy i .e Ay 2020-21
Replies (2)
Just go through this link, you will get an answer.
https://help.myitreturn.com/hc/en-us/articles/219843707-What-if-I-have-selected-wrong-Assessment-Year-while-paying-tax-#:~:text=Many%20taxpayers%20make%20the%20tax,date%20of%20deposit%20of%20challan
There are 2 scenarios here, one where payment is made offline through bank and second where payment is made online. In the first scenario, if the mistake is discovered within 7 days of making the payment then an application for correction of A.Yr. has to be made to the bank and if found after 7 days the application has to be made to the concerned assessing officer.In the second case, viz. online payment, the application for correction has to be made to the concerned assessing officer only. In both cases, strong followup with the bank/assessing officer is required and also check your Form 26AS from time to time to ensure that the credit is given in the correct A.Yr.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details