I am a salaried person. For the assessment year 2012-13, I paid self-assessment tax for the interest I earned in an FD. In the tax payment challan (challan 282), I selected the interest tax category (major head 24). Now, I have got a tax-demand for the exact amount I paid as tax. The form 26AS shows my tax payment. I tried to file rectification request, giving the challan details, but still got a tax credit mismatch notification. What is the way out for countering this demand?
-Thiyagu
Challan 282 is to be used for payment of security transaction tax, hotel receipts tax, estate duty, interest tax (major head 24), wealth tax, expenditure tax/other direct taxes and gift tax. However, for paying income tax on the interest on a fixed deposit, challan 280 should have been used (income tax other than companies-major head 21). Assuming that the taxes were paid online, a request for correction of the same can be made to your Assessing Officer, who is authorised under the departmental OLTAS application to make such correction in challan data in bonafide cases so as to enable credit of the taxes paid. On the basis of your application, the Assessing Officer can do the verification and you will be able to get the credit.
I opened a PPF account in the name of my minor child and put
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