Revision of tds return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2012 Dear sir,

Whether there is any problem in filing correction return by changing PAN no. of one deductee, if wrong PAN has been accepted as a valid PAN by NSDL system in regular return.

Vineet Goyal

Vineet Goyal (Expert)
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03 January 2012 Yes because credit of TDS will go to wrong PAN no. You need to revise the return in this case.

Vineet Goyal

Vineet Goyal (Expert)
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03 January 2012 Yes because credit of TDS will go to wrong PAN no. You need to revise the return in this case.

Vineet Goyal

Vineet Goyal (Expert)
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03 January 2012 Yes because credit of TDS will go to wrong PAN no. You need to revise the return in this case.

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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03 January 2012 You are allowed to file correction return once to rectify the PAN even if it is a valid PAN.

Vineet Goyal

Vineet Goyal (Expert)
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03 January 2012 I am sorry I do not agree with the view of Mr. Krishna. TDS return can be revised any number of time.

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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04 January 2012 I agree that TDS return can be revised any number of times but a Structurally valid PAN of a deductee in the regular statement can be updated to another structurally valid PAN only once. Pl see the following link for rules of correction statements:

https://www.tin-nsdl.com/etds-etcs/faq-etdrevised-precorr.php

In the above link see the answer of following question:

How many times can I update PAN of a deductee/transacting party

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