Incorrect pan mentioned while deducting tds u/s 194-ia

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2013 While deducting TDS u/s 194-IA, the buyer has incorrectly mentioned my PAN number instead of the seller(the builder).

The credit is being reflected in my Form 26AS. However nowhere I am invloved in this transaction.

Now the buyer of the property is requesting me to return the amount credited against my PAN.

Is there any facility available to the buyer to correct the mistake online.

If not, at the time of getting the refund how will I satify the assessing officer that the TDS was credited by mistake.

Hemant Kumar

Hemant Kumar (Expert)

15 November 2013
Do not commit any error in quoting the PAN or other details in the online Form as there is no online mechanism for rectification of errors. For the purpose of rectification you are required to contact Income Tax Department.

Nikhil Kaushik

Nikhil Kaushik (Expert)

15 November 2013 Dear Hemant,

There is no return in case of 194-IA.

Dear Gaurav,

The buyer needs to approach income tax department for correction in challan.

He shall have to do it as provided here: https://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf

With regards to buyer's request for refund, in no circumstance should you agree to any such request. Letting the amount reflect in your Form 26AS would mean that you have sold a property and income tax department shall have every right to question you.

Make it amply clear to the buyer that he needs to get the challan details corrected.

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