Facility of income tax challan correction launched through e-filing portal
The income tax department has launched facility of income tax challan correction through e-filing portal. Now corrections to income tax challans (ITNS 280) can be made by e-filing portal
The steps required for making correction in challans are as under:
1. Login to e-filing portal
2. Under the tab “services” > Click on “Challan Correction”
3. Click on create Challan Correction Request
4. In next screen choose (tick) the type of correction:
(i) Change in Assessment Year
(ii) Change in Tax Applicable (Major Head)
(iii) Change in Type of Payment (Minor Head)
5. Next provide:
(i) Assessment Year, or
(ii) Challan Identification Number (CIN)
After providing the required information if any unconsumed challan is found, the system shall allow its correction.
Presently, the challan pertains to A.Y. 2020-21 onwards only is available for correction currently through the e-filing portal. For challan correction pertaining to previous years the assessee should approach Jurisdictional Assessing Officer.
- Jewellery purportedly received from grandparent under Will added as unexplained credits
- SC lays down tests to determine if a debt is financial debt or operational under IBC
- Commonality of directors of companies does not mean deposits received was bogus
- Application though named as rectification but if tax is not legitimate, it also touches merit: HC
- Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of FMV
