Withdrawal of challan forms with three counterfoils for payment of advance tax and self-assessment tax
1. Board’s Circular No. 697, dated 16-12-1994 states that when the challan forms with three counterfoils are used, the taxpayer may enclose with his return of income a photocopy of the foil No. 3 in compliance with the provisions of section 139(9) of the Income-tax Act, 1961.
2. Having regard to the difficulties faced by the taxpayers, it has been decided to withdraw challan forms with three counterfoils. Henceforth, challan forms will have four counterfoils. However, where the challans with the three counterfoils have been used, Circular No. 697 will continue to be in force.
Circular : No. 709, dated 19-7-1995.