Default in filing form 26qb
This query is : Resolved
Naresh Ravva
(Querist)
01 March 2018
Dear sir/ Madam
Actually what happened is my client(Pvt Ltd Company) purchased a Land in 2016 aug. The cost is 89,62,000/-. no tds deducted at that time . registration procedure completed. After knowing the concept of 194IA i wrongly deposited the tax amount in One of director PAN instead of Company PAN. nothing done later.... what are the consequences will i face ? please clarify in detail.
Actually what happened is my client(Pvt Ltd Company) purchased a Land in 2016 aug. The cost is 89,62,000/-. no tds deducted at that time . registration procedure completed. After knowing the concept of 194IA i wrongly deposited the tax amount in One of director PAN instead of Company PAN. nothing done later.... what are the consequences will i face ? please clarify in detail.
01 March 2018
you can write a letter to your ward AO and he shall provide the resolution by changing the PAN # basis the details provided by you.
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