Tds
This query is : Resolved
Reema Thakkar
(Querist)
22 December 2018
DEAR SIR,
IN MY CLIENTS FORM 26AS INCOME HAS BEEN CREDITED FROM A PARTICULAR PARTY BUT NO TDS HAS BEEN DEDUCTED AND MY CLIENT HAS NO BUSSINESS TRANSACTION WITH THAT PARTY AND ALSO DOES NOT KNOW HIS LOCATION NOR HAVE ANY CONTACT DETAILS OF THAT PARTY.
ON RECEIPT OF NOTICE FROM THE INCOME TAX DEPARTMENT THAT PARTICULAR INCOME HAS NOT BEEN CONSIDERED IN YOUR INCOME TAX RETURN I CLAIMED THAT MY CLIENT HAS NO BUSSINESS TRANSACTION WITH THAT PARTY.
INCOME TAX DEPARTMENT SEND A NOTICE TO THAT PARTY ASKING TO FILE A REVISED TDS RETURN AND A COPY OF SAME WAS SEND TO MY CLIENT FROM WHICH IT APPEARS THAT THE PARTY IS FROM KOLKATA.
THAT PARTY COUNTINUES TO CREDIT INCOME IN MY CLIENTS PAN AND SAME IS REFLECTED IN FORM 26AS.
HOW DO I DEAL WITH THIS?
IN MY CLIENTS FORM 26AS INCOME HAS BEEN CREDITED FROM A PARTICULAR PARTY BUT NO TDS HAS BEEN DEDUCTED AND MY CLIENT HAS NO BUSSINESS TRANSACTION WITH THAT PARTY AND ALSO DOES NOT KNOW HIS LOCATION NOR HAVE ANY CONTACT DETAILS OF THAT PARTY.
ON RECEIPT OF NOTICE FROM THE INCOME TAX DEPARTMENT THAT PARTICULAR INCOME HAS NOT BEEN CONSIDERED IN YOUR INCOME TAX RETURN I CLAIMED THAT MY CLIENT HAS NO BUSSINESS TRANSACTION WITH THAT PARTY.
INCOME TAX DEPARTMENT SEND A NOTICE TO THAT PARTY ASKING TO FILE A REVISED TDS RETURN AND A COPY OF SAME WAS SEND TO MY CLIENT FROM WHICH IT APPEARS THAT THE PARTY IS FROM KOLKATA.
THAT PARTY COUNTINUES TO CREDIT INCOME IN MY CLIENTS PAN AND SAME IS REFLECTED IN FORM 26AS.
HOW DO I DEAL WITH THIS?
22 December 2018
If that party's contact details are available then contact them to correct their TDS return immediately.
It may be due to the fact that same PAN may have been allotted to two persons. It happened in one of our clients case as well in which same problem occured and on investigation it was revealed that same PAN was allotted to two separate persons with even name and father's name identical.
It may be due to the fact that same PAN may have been allotted to two persons. It happened in one of our clients case as well in which same problem occured and on investigation it was revealed that same PAN was allotted to two separate persons with even name and father's name identical.
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