How to pay tds if the opposite party's pan is showing "deleted"

Save Share

This query is : Resolved

Siddharth (Querist)
Follow

26 October 2015 Hi, In a property deal, I deducted TDS of the opp.party. Now when m filling from 26QB it is showing that the status of his PAN is "deleted". When I went to "know your PAN" section in IT website and entered his details, it shows another PAN no. which is "Active". But the opp.party says he has only one PAN (the deleted one) and has been using that PAN for 10 years. Now I have to make my TDS payment very soon. So should I quote that new PAN no. and pay? What should I do?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

26 October 2015 Obtain a xerox copy of the PAN card of the party and pay TDS accordingly. Your duty "to deduct and deposit" will be discharged.
.

Siddharth

Siddharth (Querist)
Follow

26 October 2015 I have the photocopy of the deleted PAN but how should I pay the TDS?. can I pay it with the new PAN no. I found in the IT website?. will that cause problems in future as the PAN mentioned in the sale agreement is also the deleted one.?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now