New Procedure of challan correction by banks (for physical challans).

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 pl....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nditions: 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 act....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed 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. Procedure of challan correction by Assessing Officers (both physical and e-payment challans) Afte....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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) ....