Challan Correction Mechanism for Physical Challans
Challan Correction Mechanism for Physical Challans has been put in place for income tax payments made on or after 1.9.2011
New Procedure of challan correction by banks (for physical challans)
- Assessment Year
- Major Head Code
- Minor Head Code
- Total Amount
- Nature of payment (TDS Codes)
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.
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 taxpayer is required to be attached with the request form.
v. A separate request form is to be submitted for each challan.