Default in tds
This query is : Resolved
CA Priyanka A Mundada
(Querist)
03 March 2016
during FY 2009-10 deductor filed tds return with incorrect PAN, after that default arose for short deduction, which not yet cleared.
now deductor does not have correct PAN of the deductee. In this situation how the short deduction will be removed????
now deductor does not have correct PAN of the deductee. In this situation how the short deduction will be removed????
Ashish Bansal
(Expert)
04 March 2016
When the rate applicable for incorrect pan or Pan Not Available cases was 20% in 2009-10, demand for short deduction is valid. You can not avoid the demand unlesss correct PAN is provided in the statement. As soon as you update the correct PAN, demand will be nullified.
CA Priyanka A Mundada
(Querist)
05 March 2016
if not having pan details then whether will have to pay that demand????
i have balances in various challan whether can i adjust this against that demand....if yes, what will be the procedure....
i have balances in various challan whether can i adjust this against that demand....if yes, what will be the procedure....
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