Tax Deducted at source

This query is : Resolved

gautam.k.r

gautam.k.r (Querist)
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30 June 2011 Hi,

In a particular case of one client tds has been made specifying client's pan number but also mentioning name of a proprietary business concern for which client is not the proprietor. can tds be claimed in this particular case.and under no law the proprietary concern is registered.

Thanks,
Gautam.

U S Sharma

U S Sharma (Expert)
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30 June 2011 TDS credit is done at PAN basis, but inform your client and update with PAN copy so that in future such mishaps would not appear.

Check the credit of TDS in form 26AS, through nsdl under "view your tax credit"

gautam.k.r

gautam.k.r (Querist)
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30 June 2011 Hi sir,
In form 26AS the assessee has been credited with the amount of tax deducted, hence can he now on that basis claim the tds in the income tax return??

Thanks and regards,
Gautam.

CA Vijay Kumar Walande

CA Vijay Kumar Walande (Expert)
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30 June 2011 Yes
Actually TDS credits are given on PAN basis.
For a Proprietorship business, these kind of cases are common

There is nothing to worry because PAN is correctly mentioned.

And Yes he can claim the credit if his Form 26AS shows there is a credit in his PAN account.

gautam.k.r

gautam.k.r (Querist)
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30 June 2011 Thank you sir..

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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30 June 2011 ANY TDS DEDUCTED RIGHTLY OR WRONGLY IF CREDITED IN A PARTICULAR PAN NUMBER THEN THAT PAN NUMBER CAN GET THE CREDIT AND CLAIM THE SAME IN HES OR HER RETURN OF INCOME.

IN CASE OF ANY MISTAKE THE SAME CAN BE CORRECTED.