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Is it necessary for me to demand payment confirmation from the banker to whom I have submitted the challan?

Nine O Six
  • ​While it is not mandatory to insist on proof of payment when submitting a challan, it is advisable to maintain documentation for all financial transactions for record-keeping and audit purposes. 
  • Having proof of payment can be beneficial in case of any future inquiries or discrepancies.
  • The bank should stamp and return the counter-foil of the Income-tax Challan submitted by the taxpayer. Make sure that the counter-foil contains the BSR (Bankers Serial number code), Challan Identification Number (CIN), and the date of payment.

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