Tds credit
This query is : Resolved
Shruti Mishra
(Querist)
19 November 2011
my client, being a sound ad agency forwarded sales bills quoting wrong PAN for themselves. tds deducted has been deposited quoting such wrong PAN. Hence No tax credit avaialable as per 26 AS.
Though still i have claimed it in the Income Tax Return.
how do i rectify this.? should i ask the deductors to revise their returns, or ask for TDS Certificates with wrong PAN. Will tht work ?
Though still i have claimed it in the Income Tax Return.
how do i rectify this.? should i ask the deductors to revise their returns, or ask for TDS Certificates with wrong PAN. Will tht work ?
CA Navin Jain
(Expert)
19 November 2011
you must ask the deductors to revise their returns, otherwise your client shall not be eligiable for tds credit.
Shruti Mishra
(Querist)
19 November 2011
sir, will the TDS Certificates be not enuf in my clients Name with wrong PAN ??
CA Navin Jain
(Expert)
19 November 2011
You shall not claim the Tds credit mearly on the basis of TDS Certificate.
Tds also shown in 26 AS also.
Tds also shown in 26 AS also.
Shruti Mishra
(Querist)
19 November 2011
so the best way is to ask deductors to revise returns again ?
Shruti Mishra
(Querist)
19 November 2011
ANYWAY........tHAnk you sir.
CA Navin Jain
(Expert)
19 November 2011
Yes, best and last option is to revise the return.
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