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Mihir Tanna |984 Answers |Ask -Follow

Tax Expert - Answered on Oct 31, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more

Asked by Anonymous - Sep 25, 2023Hindi

Sir, I had an tax amount RS 25110 to be paid in AY 21-22 and I paid on 29 Dec 21. Due to server issues, I had paid twice and I had wrongly chosen Minor head 300. It shows in my AIS but, I am shown an outstanding amount with fine. I could not correct the challan online - it asks to contact JAO. should I pay the outstanding and ask for the earlier paid amount? Please advice. Sudhakar K, Mumbai

Ans: In case of challan correction, please meet the Jurisdiction officer and request for challan correction. No need to pay demand again.

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Question by Naveen - Jun 03, 2021Hindi

I have a question that am stuck with. I filed my return for FY 2019-20 (AY 2020-21) last year. There was a net taxable amount I had to pay, which I did before filing the return. While paying that online, I paid the challan under the Minor Head “300 - Self Assessment Tax, instead of the Minor Head “400 - Tax on Regular Assessment. This reflects in my 26AS for the correct AY. My IT return got processed yesterday and I just got a notification of 143 (1), where this amount was NOT considered as paid, where the reason quoted is “Challan is not available for the AY”. I wanted to understand two things: 1. Could paying the amount under 300 - self assessment category be the reason for this? If so, what is the procedure for changing the minor head on the challan? On the tax website, it says to contact the Assessing Officer. If so, how do I reach that person? 2. If it is not the reason, what else could be the reason for mismatch? 3. Should I just go ahead the file a rectified return with the same details again? Please advise on the next steps.

Ans: You can consult your auditor to help understand the computation as one needs to look at the details. Minor Head 300 is for the payment of self-assessment tax and minor head 400 is for the payment of tax on regular assessment.

The Challan is ITS 280 in both the cases.

The best way to resolve the issue is by applying for a rectification of the notice issued to you. You can state the details of the tax paid, and attach a copy of the challan, 26AS copy and Pan card.

If you are in hometown, you can also approach the Assessing officer with a copy of the tax paid challan and other details mentioned above. He will rectify it for you in the system.

This would not take much time. Or you can connect with the IT Dept customer care to support you.

There is a procedure to get the rectification done by the bank at which the tax was paid, but in your case, it appears that this time has passed.

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Mihir Tanna |984 Answers |Ask -Follow

Tax Expert - Answered on Jul 21, 2023

Asked by Anonymous - Jul 20, 2023Hindi