Is Change of PAN of Deductor possible?
This query is : Resolved
13 June 2022
Dear Sir,
Mr A is having two entities, a proprietorship business and an LLP. Both the entities are liable to tax audit.
There were few transactions of the Proprietorship business on which TDS was liable.
However, Mr A mistakenly has deposited TDS under LLP and filed TDS returns for those transactions under LLP business. i.e. under wrong deductor. The TDS return for Q4 filed on 15/05/2022.
I request you to guide me as to how to resolve this issue. How to rectify the TDS return giving effect to correct deductor i.e. the proprietorship.
Kindly revert.
Thanks & Regards,
Suraj
Mr A is having two entities, a proprietorship business and an LLP. Both the entities are liable to tax audit.
There were few transactions of the Proprietorship business on which TDS was liable.
However, Mr A mistakenly has deposited TDS under LLP and filed TDS returns for those transactions under LLP business. i.e. under wrong deductor. The TDS return for Q4 filed on 15/05/2022.
I request you to guide me as to how to resolve this issue. How to rectify the TDS return giving effect to correct deductor i.e. the proprietorship.
Kindly revert.
Thanks & Regards,
Suraj
13 June 2022
Revise TDS return of LLP and adjust TDS payment in future payments.
Include TDS in prop business and pay TDS and file return.
Include TDS in prop business and pay TDS and file return.
Message likes :
1 times
13 June 2022
Thank You Sir.
That means if the deductor is incorrect, we can not correct it like we can correct assessment year, PAN of the deductee, Section etc.
We have to remove all data from TDS return of LLP by filing correction return and include that data in TDS return of the Correct deductor i.e. Proprietorship and file its revised return. Is my understanding correct??
That means if the deductor is incorrect, we can not correct it like we can correct assessment year, PAN of the deductee, Section etc.
We have to remove all data from TDS return of LLP by filing correction return and include that data in TDS return of the Correct deductor i.e. Proprietorship and file its revised return. Is my understanding correct??
13 June 2022
Yes you are right.
If this is only TDS of LLP then try correction of deductor in TDS return and as well as in the challan.
If this is only TDS of LLP then try correction of deductor in TDS return and as well as in the challan.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
