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of <h1>New Circular Replaces Challan Forms: Four Counterfoils for Tax Payments, Old Forms Still Valid Per Circular No. 697.</h1> Circular No. 709, dated July 19, 1995, addresses the withdrawal of challan forms with three counterfoils used for the payment of advance tax and self-assessment tax. The previous Circular No. 697 required taxpayers to submit a photocopy of the third foil with their income return. Due to difficulties faced by taxpayers, the decision has been made to replace these forms with ones containing four counterfoils. However, for those who have already used the three-counterfoil forms, the provisions of Circular No. 697 will still apply.
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