Under
OLTAS (On Line Tax Accounting System), the physical challans of all Direct Tax payments
received from the
deductors
/ taxpayers are
digitized on daily basis by the collecting banks and the data transmitted to TIN (Tax Information Network) through link cell. At present, the banks are permitted to correct data relating to three fields only i.e. amount,
major head code
and name. The other errors
can be corrected
only by the assessing officers.
New Procedure of challan correction by banks (for physical challans):
To remedy this situation, a new Challan Correction Mechanism for physical challans has been put in place. Under this mechanism,
for income tax payments made
on or after
1.9.2011, the following fields can be got corrected through the concerned bank branch:
Assessment Year
Major Head Code
Minor Head Code
TAN/PAN
Total Amount
Nature of payment (TDS Codes)
The time window for the correction request by tax payer is as follows :
|
S.No
|
Correction required in
Field name
|
Period of Correction Request
(from Challan Deposit Date)
|
|
1
|
TAN/PAN
|
7 days
|
|
2
|
Assessment Year
|
7 days
|
|
3
|
Amount
|
7 days
|
|
4
|
Other fields
|
(Major
|
Within 3 months
|
|
head, Minor head, Nature of payment)
|
|
|
|
|
The time
window for correction by the
bank is 7 days
from the
date
of receipt
of correction request from the tax-payer.
Conditions:
The changes can be made by the banks, subject to following conditions:
i. Correction in Name is not permitted.
ii. Any combination of correction of Minor Head and Assessment Year together is not allowed.
iii. PAN/TAN correction
will be allowed
only when
the
name in the challan matches with the name as per the new PAN/TAN.
iv. The change of amount
will be
permitted only on the condition
that
the amount so corrected is not different
from the amount
actually received by
the
bank and credited to Govt. Account.
v. For a single challan, correction
is allowed
only once.
However,
where
1st
correction request is made only for amount, a 2nd correction request will be allowed for correction in other fields.
vi. There will be no partial acceptance of change correction
request, i.e. either all the requested changes will be allowed, if they pass the validation, or no change
will be
allowed,
if any
one
of the
requested changes
fails the validation test.
Procedure:
i. The tax-payer has to submit the request form for correction (in duplicate) to the concerned bank branch.
ii. The tax-payer has to attach copy of original challan counterfoil.
iii. In case of correction
desired for challans in Form 280, 282, 283, the copy of
PAN card is required to be attached.
iv. In case of correction desired for payments
made
by a tax-payer (other
than an individual), the original authorization with seal of the non-individual tax- payer is required to be attached with the request form.
v. A separate request form is to be submitted for each challan.
Procedure of challan correction by Assessing Officers
(both physical and e-payment challans)
After the window period
available to
banks for challan correction,
the assessee
can make a request for correction to his or her assessing officer, who is authorized
under the departmental OLTAS application to make such correction in
challan data in bonafide cases, to enable credit of the taxes paid, to the concerned
assessee.
Format of application to bank for challan correction to be requested by the taxpayer
To
The Branch Manager,
--------------------------- (Address of Branch)
Taxpayer Details :
Taxpayer Name : Taxpayer Address : Taxpayer TAN/PAN :
Name of Authorized Signatory :
(in case of non-individual taxpayer)
Sub : Request
for Correction in Challan No: 280/281/282/283 [Strike out which
ever
is not applicable]
Sir/Madam,
I request you to make corrections
in the challan data as per following details :
Challan Details:
|
BSR Code
|
Challan Tender Date (Cash/Cheque Deposit Date)
|
Challan Sl. No.
|
|
|
|
|
|
Sl. No.
|
Fields in which correction required
|
Please Tick
|
Original Details
|
Modified Details
|
|
1.
|
TAN/PAN (10 digit)
|
|
|
|
|
2.
|
Assessment Year (YYYY)
|
|
|
|
|
3.
|
Major Head code (4 digit)
|
|
|
|
|
4.
|
Minor Head code (3 digit)
|
|
|
|
|
5.
|
Nature of Payment (3 digit)
|
|
|
|
|
6.
|
Total Amount (13 digit)
|
|
|
|
Note:
Please tick against the relevant fields where changes are required.
Tax payer/Authorized Signatory
Date
Note:
1.
Attach copy of original challan counterfoil.
2.
In case of correction
to challan 280, 282, 283 attach copy of PAN card.
3. In case of a non-individual tax payer, attach the original authorization with seal of the non-individual tax-payer.
4.
The request form for correction
is to be submitted in duplicate to the bank branch.
5. A separate request form is to be submitted for each challan.
