Respected Sir, My assessee has paid income tax demand in Challan no. 281 instead of Challan no. 280. Please tell me what is the procedure to transfer the amount from challan no. 281 to 280. Thanks

Reply: Challan 280 is used for the payment of advance tax, self-assessment tax, tax on regular assessment, surtax, tax on distributed profits of domestic company and tax on distributed income to unit holders. Whereas,Challan no./ITNS 281 is used for the payment of Tax Deducted at Source (TDS)/ Tax Collected at Source (TCS) by both company and non-company deductees. 

If you have paid taxes online, then correction in such cases can be made only by your assessing officer (AO). On the other hand, if the payment of advance tax or self-assessment tax has been made via bank branch, then bank can correct certain mistakes within a certain time period.