Is Change of PAN of Deductor possible?
This query is : Resolved
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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.
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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.
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