• Revised return adjustment paid under minor head 300 needs to be corrected to 400

Hi,
I am a salaried employee, i had filed revised return for AY:2017-18 and paid the adjustment while filing the returns. I filed the revised returns under minor head 300. The same is updated in 26AS. I recently received a letter from CPC that the returns is due. In the Income tax website i see the same under "My Action." I called the helpline and was told to correct the minor head to 400. I visited my AO for the same and was told that my PAN is wrongly set to that center and i should request for a PAN transfer. I visited the correct AO and submitted a letter requesting transfer of PAN and correction in challan. I have not seen any progress for almost a month. is there any other way i can get this corrected. In the CPC letter it is mentioned that it should be closed within a month. please guide me on what can i do?.
Thanks.
Asked 2 years ago in Income Tax

When you paid the self assessment tax on revising the return then minor head should be 300 instead of 400. Why you are asking for change it to 400?. I think it is correct.

Vivek Kumar Arora
CA, Delhi
3800 Answers
242 Consultations

5.0 on 5.0

Did you file the revised return or not?

If you have filed the revised return and paid tax under minor head 300 then, no need to worry.

Even if the online account shows, o/s demand its ok. Just keep the acknowledgement of letter filed with the AO.

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

4.8 on 5.0

If you revised the return after you received the intimation u/s 143(1) in which demand was calculated by the department then it should be 400. I think it is only wrong selection of code but you will get the benefit of tax paid and demand will be NIL. You need to wait for some time. Under Action tab, fill the challan details that you paid tax.

Vivek Kumar Arora
CA, Delhi
3800 Answers
242 Consultations

5.0 on 5.0

Hi

What you have done is correct. You need to wait for sometime for the update. Since you've paid the taxes, no default can be considered.

Lakshita Bhandari
CA, Mumbai
5245 Answers
351 Consultations

5.0 on 5.0

Its matter of selection of wrong Code only, Since you have paid required tax. Pls mention the same for your action Tab

Deepak Rathore
CA, New Delhi
32 Answers
5 Consultations

4.3 on 5.0

Once you paid the taxes,credit will be given by department.It is advisable to keep challan as documentation part.

Swati Agrawal
CA, Mumbai
1146 Answers
7 Consultations

5.0 on 5.0

Hii,

Hope you are doing well !

Since, you have already paid full tax. There is no need to worry. Just wait for sometime for updation.

Thanks & Regards,

Payal Chhajed

Payal Chhajed
CA, Mumbai
4896 Answers
91 Consultations

5.0 on 5.0

Hi,

I think you need not worry since you've paid the taxes.

Regards,

Nikhil.

Nikhil Khanna
CA, Mumbai
1428 Answers
19 Consultations

4.8 on 5.0

Hello,

You will have to follow up with the AO who has jurisdiction over your PAN for that year. Only he has the power to make changes to your ITR.

You can try asking for his email id and follow up on it as that will help you save time than doing personal visits plus also help in having documentary evidences.

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

5.0 on 5.0

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA