Personal TaxationFill your tax challen properly: Check List:
Obtain and Quote your PAN and AO Code
A new computerised challan processing system has been introduced in the Income -Tax department to give quick credit to the tax-payers of their payments.
To facilitate this process it is essential for the tax-payers to indicate the ward /circle of the assessing officer or the AO Code in the challans. Absence of these particulars in the challans result in the payment going to the suspense account causing considerable inconvenience to the taxpayers.
An AO Code is the combination of area code(three letter), AO type(Two letter), Range code(three digit) and AO number (Two Digit).
HAVE YOU FILLED IN YOUR
DIRECT TAX CHALLAN PROPERLY ?: CHECK BEFORE YOU SUBMIT CHALLAN TO THE BANK
Use correct challan for depositing
Tax on Companies ITNS 268 (0020 Corporation Tax)
Taxes deducted at Source from Companies ITNS 269 (0020 Corporation Tax)
Income Tax ITNS 270 (0021 Tax on Income other than Corporation Tax)
ITNS 271 (0021 Tax on Income Other Than Corporation Tax) Income Tax Deducted at Source from persons other than Companies
Wealth Tax WTNS 20 (0032 Wealth Tax)
Gift Tax GTNS 38 (0033 Gift Tax)
Interest Tax ITNS 272 (0024 Interest Tax)
Expenditure Tax ITNS 273 (0028 Other taxes on Income & expenditure) And fill Challan properly giving
Name & Address in BLOCK LETTERS
Assessment Year
Status
Assessing Officer's Designation
Permanent Account Number (10 Characters)
Type of Payment
Nature of Payment / Receipt (for TDS)
Amount in figures & words
Please Note
Always Quote permanent account number (10 character), if allotted, in challans, returns etc.
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