Categories
Income tax TAN or Tax deduction

The income tax challan rectification process

  1. Login to incometax.gov.in
  2. Go to “Services” and click on “Challan Correction”.
  3. Click on “Create challan correction request”.
  4. Select the attributes which needs to be corrected. For example: Assessment year, major head, minor head
  5. Select the “Assessment year” or “Challan Identification Number” (CIN)
  6. All the open challans will be displayed on the next screen. You need to select the challan which needs to be corrected.
  7. Enter the correct details (AY, major head or minor head which is correct) and click on continue.
  8. The next screen will show the existing details and updated details. Click on Continue and do the e-verification.
  9. Once e-verification is complete, the challan correction procedure is completed.

 

Step 1: Go to the ITR filing website (https://www.incometax.gov.in/iec/foportal/) and sign in with your credentials. Choose the “challan correction” option located under the “Services” column.

Step 2: A new webpage will open. Here select ‘create challan correction request’.

Step 3: Now a new webpage will load. You will be prompted by the income tax portal to choose the relevant field that needs amending. A taxpayer has three possibilities: (a) modifying the assessment year; (b) altering the tax applicable (major head); and (c) modifying the payment method (minor head). After selecting, click “Continue.”.

Step 4: The taxpayer will be prompted to submit details about the income tax return that requires adjustment in the following phase. Either the assessment year or the challan identification number (CIN) should be given here. After that, click “Continue.”

Step 5: A new webpage will open depending on the choice selected. If the user entered a CIN number, the challan details will be shown. Otherwise, if an assessment year (AY) has been selected, a list of all challans connected with that AY will be displayed. One has to choose the challan which has to be modified. Once you’ve selected your choices, click the Continue icon.

Step 6: An individual needs to input the proper details of the earlier chosen option. Continue by selecting the icon. The example of updating the assessment year will be seen in the picture below.

Step 7: Once the proper details has been successfully input, the taxpayer has to verify the alteration in the tax challan. Through net-banking, Demat, and bank accounts, the verification can be done using an Aadhaar OTP, a digital signature certificate (DSC), or an electronic verification code (EVC). After selecting the authentication option, click Continue.

Step 8: Once the correction is successfully e-verified, the income tax e-filing website will show the success message along with the transaction ID. Keep this transaction ID handy to track the status of the correction request submitted.

Categories
Income tax TAN or Tax deduction TDS

Income Tax due dates for July 2023

7 July 2023 –

​Due date for deposit of Tax deducted/collected for the month of June, 2023. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

7 July 2023 –

​Due date for deposit of TDS for the period April 2023 to June 2023 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H

15 July 2023 –

​​Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of May, 2023

15 July 2023 –

​​Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of May, 2023

15 July 2023 –

​​Due date for issue of TDS Certificate for tax deducted under section 194M in the month of May, 2023​

15 July 2023 –

​Due date for issue of TDS Certificate for tax deducted under section 194S in the month of May, 2023

Note: Applicable in case of specified person as mentioned under section 194S

15 July 2023 –

​Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 2023

15 July 2023 –

​Quarterly statement of TCS deposited for the quarter ending 30 June, 2023​

15 July 2023 –

​Upload the declarations received from recipients in Form No. 15G/15H during the quarter ending June, 2023

15 July 2023 –

​Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of June, 2023

30 July 2023 –

​Quarterly TCS certificate in respect of tax collected by any person for the quarter ending June 30, 2023

30 July 2023 –

​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA for the month of June, 2023

30 July 2023 –

​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB for the month of June, 2023

30 July 2023 –

​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M for the month of June, 2023

30 July 2023 –

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S in the month of June, 2023

Note: Applicable in case of specified person as mentioned under section 194S

31 July 2023 –

​Quarterly statement of TDS deposited for the quarter ending June 30, 2023

31 July 2023 –

​​Return of income for the assessment year 2023-24 for all assessee other than (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of section 5A applies or (d) an assessee who is required to furnish a report under section 92E.

31 July 2023 –

​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending June 30, 2023.

31 July 2023 –

​Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5E and 5F (if due date of submission of return of income is July 31, 2023)​

31 July 2023 –

​Intimation in Form 10BBB by a pension fund in respect of each investment made in India for quarter ending June, 2023​

31 July 2023 –

​Intimation in Form II by Sovereign Wealth Fund in respect of investment made in India for the quarter ending June 2023

Source- https://incometaxindia.gov.in/

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