Correction in OLTAS Income Tax/TDS challan after payment
- Friday, February 25, 2011, 9:27
- Income Tax
- Articles
Recently I faced a situation where the tax demand on regular assessment of my client for A.Y 2008-09 was deposited with a nationalized bank but wrongly the said payment of demand was done towards A.Y 2010-11. This situation may have been faced by many assessees because there may always a possibility of mentioning wrong Assessment year or wrong PAN/TAN etc in the TDS Challan or in Income Tax Challans.
In such situation the first thing that comes to mind is how one can get the challan corrected after the payment of tax so that right credit of tax is given to the assessee/deductor concerned. The power to amend such wrong details in challan after payment of tax in OLTAS has been given to Assessing officer and Bank depending upon the type of correction, which has been provided as follows for the benefit of all concerned.
NSDL receives tax collection data as uploaded by the bank. It is not authorized to carry out any changes in the data sent by the bank to TIN.
The fields that can be corrected and the entity authorized to carry out corrections are as below:
| Sl. No. | Type of Correction on Challan | Performed By |
| 1 | PAN/TAN | Assessing Officer |
| 2 | Assessment Year | Assessing Officer |
| 3 | Major Head | Assessing Officer /Bank |
| 4 | Minor Head | Assessing Officer |
| 5 | Nature of Payment | Assessing Officer |
| 6 | Total Amount | Bank |
| 7 | Name | Bank |
Thus application should be made for correction to the A.O or Bank in case of any mistake in Income Tax/TDS Challan depending upon the type of correction as mentioned above.
Amit Bajaj Advocate
Bajaj & Bajaj Advocates
128, Sangam complex, Milap Chowk, Jalandhar city.
Email: amitbajajadvocate@hotmail.com,
M +919815243335
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- Rejection of E-TDS / TCS Return – Common errors and course of action for Regular and Correction Returns
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Pl provide circular number since I am also facing such type of problem and assessing officer is not reddy to rectify the mistake.
generally Ao not allow any such correction, and they show there helpness becuse data is centralised at banglore
regards
In our own case while paying the advance tax in the Bank for the assessment year 2007-08 instead of quoting the PAN of the firm PAN of the partner was written the challan. Then it was accepted by the Bank also though the PAN and the name did not match because the Bank did not have access to PAN data base. While processing the return demand was raised with interest. Since the assessment of the partner was also in the same Commissionarate, rectification petition was filed in April 2009 giving details of assessment of the partner wherein the advance tax was not claimed. But till date there is no response from the department. It is not known whether the Income Tax Officers are aware of the powers given to them for correction or they are not able to carry out the corrections because of lack of computer knowledge.
the above authorisations for corrections have been provided at nsdl site at the following link
http://www.tin-nsdl.com/OLTAS-note.asp
Dear Sir,
I also faced same problem self assessment tax was deposited as tax paid on regular assessement, I approached the AO he extrended his help in gettong corrction on OLTAS and correction is carried out by him
Sir,
In one of our client case, due to mistake the Name and TAN was written of other party, though the payment was made from correct bank account. Now the Bank is not helping in filing correction to NSDL or they do not know the procedure. Could u pl tell what the procedure which bank has to follow so that we can convince them
Thanks
Dear Amit ji,
Congratulations for your consistent good and informative efforts
i Have faced same problem & made corrected the Challan.All Request persons r requsted to send ur E-mail ID So that i could sent Format of Application & Other Documentary Compliance.
cakaish@gmail.com
Dear Shri Bajaj’
Kindly send circular no.
Thanking you
Sir, corrections made on 08/07/11 by AO in error on Minor Code.
Within how many days will CSI be corrected by NSDL?
Regards,
shashikant
I have the same question. In how many days the challan correction made by AO is reflected on NSDL website?
Dear Sir,
Please give me any application format for wrong PAN No written in Advance Tax Challan. and please also let me know where I have to give this application. I live in Jaipur & my income tax file in Delhi.
we have paid excess payment of TDS u/s 94 I . Can we adjust the excess paid amount ag. any other TDS payment for different section in future?
Please advice me, I have paid Online TDS Payment A/Y 2012-2013 but I wrongly Tick on type of Payment 92B while I want to tick on 94A. Please advice me Procedure to rectify Challan.
I HAVE DEPOSITE A CHALLAN OF TDS THROUGH INTERNET BUT IT IS LOOKING TAX APPLICABLE AND TYPE OF PAYMENT BLANK AND NOT LOOKING OUR DEPOSITE CHALLAN IN OLTAS THAN WHAT SHOULD I DO
Please advice me, I have paid Online TDS Payment A/Y 2012-2013 but I wrongly Tick on type of Payment 94B while I want to tick on 94C. Please advice me Procedure to rectify Challan.
We had deposited an advance tax on 12/09/2007 in our bank. When the advance tax was uploaded the PAN was wrongly entered due to which it is not reflecting against our name in 26AS.
We submitted a letter to the Assessing for rectification of the same alongwith the bank certificate and tax payers challan counterfoil. The same has
been rectified by the AO, but it is still not reflected in the 26AS. I was informed that NSDL is responsible for the 26AS entries. I have written to them and attached the screenshot got from the AO showing the change in PAN with all supporting documents. Unfortunately they have still to respond.
I have made excess payment of advance tax while paying “ONLINE” through SBI. An extra “ZERO” added by mistake changed the amount from thousands to lacs and its hurting me.
Can the bank correct the challan ? IF not can the Assessing Officer do it ? If so, what’s the circular/ notification no. Please give me the details. Both Bank and AO have refused saying claiming “REFUND” is the only answer. The IT Dept website gives details of challan correction mechanism but does not quote any circular
Please advice me, I have paid Online TDS Payment A/Y 2012-2013 but I wrongly Tick on type of Payment 92A while I want to tick on 94A. Please advice me Procedure to rectify Challan.
Pls sir advice me, i have paid online
TDS payment A/Y 2012-2013 but i wrongly tick on A/Y 2011-2012, while , i want to tick on A/Y 2012-13. pls sir advice me procedure to rectify challan.