Giving wrong tan

This query is : Resolved

ASHESH BHARDWAJ (Querist)
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05 June 2014 I have given wrong TAN of my tax deductor. I want to know the consequences of this. Can it cause me any type of fine at the time of assessment.

CA Jatin Kacha

CA Jatin Kacha (Expert)
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05 June 2014 Dear,

There are so many consequences.

It would be better for you to revised the return.

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ASHESH BHARDWAJ

ASHESH BHARDWAJ (Querist)
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05 June 2014 Sir its belated ITR for last year and i cannot revise it. Do i have to required to pay any big amount as penalty for that.

Deepti Asawa

Deepti Asawa (Expert)
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05 June 2014 You should file rectification u/s 154

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 June 2014 simple consequence is that tax credit will be denied and you will receive a demand notice under section 156.

once you receive the notice, revise the return as Deepti suggested.

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Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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06 June 2014 There are no penal consequences. Only thing is your tax credit will be denied. However you can apply for rectification u/s 154 when you receive intimation for the same.

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