How to correct income tax challan mistake online on e-filing portal
challan number, etc. are correctly filled in the income tax challan. Now, the income tax department has launched a new feature on the income tax return (ITR) portal to correct mistakes in the income tax challan. Do keep in mind that you can only use this feature within seven days of making the income tax payment. If the mistake has to be corrected after seven days, the old process (offline method) has to be followed.
According to Milin Bakhai, Associate Partner, N.A. Shah Associates, a Mumbai-based chartered accountancy firm, “The new feature of online challan correction is applicable in respect of challan pertaining to AY 2020-21 (FY 2019-20) and onwards. This means that if an individual is making a tax payment related to AY 2020-21 or any year after that now and a mistake has been made. In such a case, specific corrections can be done online within a specified time period instead of visiting the income tax office.”
What is the information that can be corrected?
The new online feature allows taxpayers to correct only three details in the income tax challan. An individual can use 'Challan Correction' option to correct details like assessment year, major heads (code 0021 for income tax for other than companies, etc), and minor heads (like advance tax, etc) in their tax payment challans.
According to the income tax e-filing website, “Challan correction requests can be submitted only for minor heads: 100 (Advance tax), 300 (self-assessment tax) and 400 (demand payment as regular assessment tax) and for their corresponding major heads through the e-filing portal.”
Can multiple corrections in a single challan be made?
“It is possible for a taxpayer to submit multiple correction requests in a single challan by selecting all the
