advance tax paid on account of worng PAN

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This query is : Resolved

Rajesh Gupta (Querist)

12 July 2011 If an individual paid advance income tax on account of wrong PAN. Then, what should the individual do to claim/ reverse the taxes paid earlier.

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)

16 July 2011 There are three consequences in this case-
1. The wrong quoted PAN is an invalid PAN - In this case approach the Assessing Officer and get it corrected by giving an application letter and copy of challan.

2. The wrong quoted PAN is a valid PAN within the Jurisdiction of the same A.O., under whose jurisdiction is you PAN - Same here. Give an application to the A.O. along with challan copy and he will rectify it.

3. The wron quoted PAN is valid PAN but in Jurisdiction of another A.O. - In this case, you need to approach the other A.O. first to reverse the credit from the wrong PAN. Then after his action, approach your A.O. for credit on your PAN.

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