Invalid pan

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POOJA MANGAL (Querist)
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28 September 2011 What are the consequences of filing of ITR with invalid PAN.
Plz tell me the steps which should be taken to correct the above mistake.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 September 2011 1) Penalty under section 272B can be initiated. If penalty sustains, assessee has to pay Rs.10,000/- towards penalty.
2) Try to revise the return with correct PAN if the original return was filed on or before the due date.

POOJA MANGAL

POOJA MANGAL (Querist)
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29 September 2011 thank u sir........plz tell me one more thing that what about earlier ITRs which cannot be revised???????????for example ITR of A/y 2000-01,2001-02,2002-03

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