Self assessment tax on bank interest
Naresh Mohan Gupta
(Querist) 20 June 2014
This query is : Resolved
For the A.Y 2013-14 I have deposited some self assessment tax (on the accrued bank interest) in SBI on 1.7.2013 and 16.7.2013. The tax has bee deposited in Major Head (0024),Minor Head Self Assessment Tax (300). Is it wrong head? What are the correct Major and Minor Heads? What should I do to rectify this mistake as I have been intimated by IT Deptt that the tax deposited by me is unmatched Tax and I have to pay that amount again. Regards.
Anirudh
(Expert) 21 June 2014
Having already deposited the amount, now you will not be able to rectify.
You approach the I.T.O. concerned, show the Self-assessment tax paid challan and request him to make suitable adjutments against the tax demand.