Minor Head (300) instead of Minor Head (400) credited wrongly

Minor Head (300) instead of Minor Head (400) credited wrongly

Sir/Madam
During e-filling of ITR for A.Y 2017-18 , we wrongly deposited online tax in Minor Head (300)  instead of Minor Head (400) . Now DEMAND is raised by ITD for the same in their acknowledgement .
 So, what is the way to correct it now ?? 
  Kindly provide the your suggestion at earliest .

Thank You
Email : Somiyasingh74@gmail.com

Asked 7 years ago in Income Tax

Yiu can file rectification

Vidya Jain

CA, Kolkata

1020 Answers

58 Consultations

Talk to Vidya Jain

Mam
 In rectification where we have to enter that detail ??

Asked 7 years ago

yes

Vidya Jain

CA, Kolkata

1020 Answers

58 Consultations

Talk to Vidya Jain

When you wil applyfor rectification,, it will ask what portion to rectify. There you need to correct

Vidya Jain

CA, Kolkata

1020 Answers

58 Consultations

Talk to Vidya Jain

Hi,

You can apply 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, if you have it.

If you have received a demand notice online, then there is an option available to rectify it online.

Regards,

Keerthiga Padmanabhan

M.Com., CA, LL.B

Keerthiga Padmanabhan

CA, Greater Mumbai

784 Answers

27 Consultations

Talk to Keerthiga Padmanabhan

Only way out is write a letter to your concerned IT Officer and detail him about the mistake and request him to consider the same under (400). The computer centre of Department can do the same.

Need to visit the Department. This is the only way as the demand came to you from CPC and CPC is not having any power of changing/rectifying the challan.

Shyam Sunder Modani

CA, Hyderabad

1409 Answers

164 Consultations

Talk to Shyam Sunder Modani

Hello,

The best option is to approach the AO with a copy of the tax paid challan, he will rectify it for you in the system. Its hardly 5-10 minute job.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, FCA, LLB, CERT. FAFP

Rohit R Sharma

CA, Mumbai

2104 Answers

95 Consultations

Talk to Rohit R Sharma

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.

As you have paid the tax under the correct minor head, i.e., 300 only as self assessment tax, there seems to be nothing wrong in your payment of tax. The demand raised by the ITD may be for some other reason and not for this. The reasons could be wrong assessment year, wrong dates and wrong PAN. It is also possible that the Bank would not have uploaded the Challan. Pl. check Form 26AS for the credit of tax paid you and confirm the correct head of payment. If the payment is reflected in your 26AS and still no credit was given for this payment in your Income Tax computation by the CPC, you may raise a request for rectification drawing attention for the payment as reflected in 26AS.