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Tcs

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(Querist)
26 December 2012 What would happen if we mention wrong PAN no. in a return of TCS with its effect?
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CA. Shashi Kumar Gupta

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CA. Shashi Kumar Gupta (Expert)
26 December 2012 Penalty of Rs. 10,000 shall be imposed if no reasonable cause;
Other person may not get the credit of TCS,
and also if you fail to furnish TCS Certificate to such person, another penalty of Rs. 100 per day may be levied..

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