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Debdutta Nag   15 September 2021

How to get return | put an extra zero while paying advance tax

As per our estimate, we need to pay one lakh as an advance tax. But we have made a mistake while paying through the internet and end up paying ten lakh.

Now, this is a mistake and as a very small company, we cannot wait for one year to get a refund of 9 lakh. Also, by definition of advance tax, we need to pay as per self estimate and ten lakh is not our self estimate; it is just a mistake.

Kindly suggest if there is an option to get the money returned. Thank you in advance.


 2 Replies

SIVARAMAPRASAD KAPPAGANTU (Retired Manager)     16 September 2021

You may contact anIncome Tax consultant or a Chartered Accountant.

Dr. J C Vashista (Advocate )     17 September 2021

Post your query in CA club for seeking an obligation, otherwise it is more appropriate to seek professional consultancy of your (or some other local) chartered accountant / tax consultant.

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