Need help:Paid advance Income Tax with wrong assessment year.

vgowtham97

Newbie
[OP]
Regulars
May 25, 2009
108
11
I paid my advance income tax online for the year 2011-12.In the online form,Instead of giving the assessment year 2011-12 I gave 2010-11.After that,I paid my advance tax again with correct assessment year i.e 2011-12.That means i paid the same amount of tax 2 times.Now i need refund of my money that i paid with the wrong assessment year.Now what is the procedure to get my refund?
 

vgowtham97

Newbie
[OP]
Regulars
May 25, 2009
108
11
File your returns again and claim it as refund.
How can i claim refund?
 


agantuk

Bhatakti Aatma
Regulars
Jun 13, 2009
6,387
10
In the returns form where you declare your income and taxes paid, at the end of it it shows the amount that you have paid extra and there is a provision to provide your bank account number to which you want the refund to come.
 

Jaymin

A Big Fan of IBF
Regulars
Oct 18, 2010
10,009
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1 way i can see by which u can claim it - File a revised return for AY 2010-11. Under Section 139 (5):

" If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier "

incometaxindia.gov.in - Direct Tax Laws

So u can show the excess money paid for that AY & claim a refund. Now how long it takes, depends upon the mood of ur AO!

Btw, I had a question - If its Advance tax, then it is for AY 2012-13? Coz then only ur PY would be 2011-12, which is the current year.

PS: Correct me if i am wrong here....i m under the influence of Alcohol (Cough syrup! :D)
 


agantuk

Bhatakti Aatma
Regulars
Jun 13, 2009
6,387
10
I paid my advance tax online.Is there any form online to claim refund?
Online tax return filing.

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Btw, I had a question - If its Advance tax, then it is for AY 2012-13? Coz then only ur PY would be 2011-12, which is the current year.


I think he messed up twice. He says he first filled the AY as 2010 - 11, and then as 2011 -12. So his returns should be filed for FY 2009 - 10 and 2010 - 11, and finally he should pay it up for FY 2011 - 12.
 

vgowtham97

Newbie
[OP]
Regulars
May 25, 2009
108
11
1 way i can see by which u can claim it - File a revised return for AY 2010-11. Under Section 139 (5):

" If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier "

incometaxindia.gov.in - Direct Tax Laws

So u can show the excess money paid for that AY & claim a refund. Now how long it takes, depends upon the mood of ur AO!

Btw, I had a question - If its Advance tax, then it is for AY 2012-13? Coz then only ur PY would be 2011-12, which is the current year.

PS: Correct me if i am wrong here....i m under the influence of Alcohol (Cough syrup! :D)

I paid advance tax for the year 2011-12 two times.First time with wrong assessment year and second time with correct assessment year.Can you understand me?
 

Jaymin

A Big Fan of IBF
Regulars
Oct 18, 2010
10,009
6
I can understand u, and that is the reason y i PRECISELY SAID "You need to revise ur AY 2010-11 Return". In fact from the facts u have given here, it appears that u will have to revise ur AY 2011-12 return as well. Since u should HAVE PAID ADVANCE TAX FOR AY 2012-13".

I paid advance tax for the year 2011-12 two times

Thats what u believe. But for the Income Tax Department, one of them is towards the AY 2010-11 & 1 for 2011-12.....not both for AY 2011-12.