If the amount is wrongly deposited on a valid TAN & the party is Known to us:
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The Tax deductor must know his/her Assessing Officer (A.O) if not known then see the Ward no of the assessing officer in the TAN allotment Letter provided by the Income tax Department.
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An Application from the correct TAN holder stating to correct the TAN.
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The Xerox Copy of the challan stating BSR Code, Date and challan No, duly signed by the authorized signatory.
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Bank Statement through which the tax amount was deposite online.
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A NOC (No objection Certificate) from the TAN holder on who’s the Tax amount has been wrongly credit duly sign and stamp.
If the amount is wrongly deposited on a valid TAN & the party is unknown to us:
Instead of Point No. 5, Indemnity BOND (Only in case where party is unknown and if the TAN is not valid)
After preparation and procurement of the above data submit the letter to the Assessing officer, he /she will assess and will put a note online which is a 7-14 days procedure and then the TAN will be rectified.
After following above procedure, taxpayer can check it online on traces or OLTAS and can tag or consume the same for closure of the demand aroused due to short payment u/s 201
