Challan classification: ensure companies use correct challans to prevent misallocation between corporation tax and other income taxes. The Board directs strict care in issuing and using correct challans so company payments for Advance-tax, Self-assessment tax and regular assessment are classified under 020-Corporation-tax or 021-Taxes on Income other than Corporation-tax as appropriate; where the correct challan is not available, a rubber stamp showing the proper classification must be affixed and the wrong printed classification scored out on each part of the challan, and wrong challans must not be sent to assessees.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Challan classification: ensure companies use correct challans to prevent misallocation between corporation tax and other income taxes.
The Board directs strict care in issuing and using correct challans so company payments for Advance-tax, Self-assessment tax and regular assessment are classified under 020-Corporation-tax or 021-Taxes on Income other than Corporation-tax as appropriate; where the correct challan is not available, a rubber stamp showing the proper classification must be affixed and the wrong printed classification scored out on each part of the challan, and wrong challans must not be sent to assessees.
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