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Tds related query

Mahesh (CA Student) (338 Points)

09 February 2016

I have one query related to TDS ----

If Company deducted TDS of any person say "X" under any section and that person file Income tax return and claim refund and also got refund of the same from ITD.

Now If the Company revised its TDS return and add anather person instead of "X" then can that person also get refund if he file return and ask for refund.?

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3 Replies

Ganeshbabu K (Audit and Tax Advisory) (48559 Points)
Replied 09 February 2016

Tax terrorism it is , haha Yes priliminarily other person may get refund but later earlier person will get demand i feel, and serious actions will be taken against deductor who encourages this,..

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Ashish Bansal (CA) (936 Points)
Replied 12 February 2016

PAN correction is allowed by TRACES for only One Alphabet + One numeric field.

In case, PAN is completely changed, even the deductor may get TDS Demand.

AUSTINE BELSER (Accountant) (33 Points)
Replied 18 February 2016

Mr. Ashish Bansal., Kindly update., The Maximum of PAN correction is allowed in "1" deductee row is 2Alphabet + 2Numerics. If you want to Completely change the invalid PAN to new Valid PAN, you have to remove the error row.

Yes I know what is your question is the removal of rows are not possible...... but I'll say anything is POSSIBLE.... you have see it properly......