Income Tax Portal New Feature Update TAXCONCEPT

Enhanced Income Tax India Portal Enables Challan Correction for Streamlined Tax Payments: The Income Tax India portal has introduced a new feature called “Challan Correction,” accessible through the path Dashboard > Services > Challan Correction. This functionality empowers taxpayers to modify crucial details such as the Assessment Year, Major Head, and Minor Head for payments like Advance Tax, Self-Assessment Tax, and Regular Assessment Tax related to Challans for Assessment Year 2020-21 onwards. This enhancement provides taxpayers with the flexibility to make necessary adjustments to their tax payments, streamlining the process and ensuring accurate reporting.

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