Tds deducted in wrong pan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2013
Hi all,
One of my Bank client has two customer with same First & Last Name & both are the FD holder of the Bank. One of the client has PAN no but another haven't had any.While submitting TDS Return the Bank wrongly entered the same PAN no,in both FD A/C since the name was same.Now the party with the PAN no.wants to delete the extra Interest & TDS shown in has name since it is increasing his TAX liability the other hand the other party doesn't want to have a PAN no.
And since we cannot revise the return with Invalid PAN,please suggest me how to deal with this issue.And is there any Reconciliation Dept at Income Tax Dept for such issues.
Thanks & regards in Advance
One of my Bank client has two customer with same First & Last Name & both are the FD holder of the Bank. One of the client has PAN no but another haven't had any.While submitting TDS Return the Bank wrongly entered the same PAN no,in both FD A/C since the name was same.Now the party with the PAN no.wants to delete the extra Interest & TDS shown in has name since it is increasing his TAX liability the other hand the other party doesn't want to have a PAN no.
And since we cannot revise the return with Invalid PAN,please suggest me how to deal with this issue.And is there any Reconciliation Dept at Income Tax Dept for such issues.
Thanks & regards in Advance
17 October 2013
Hi
You have to revise E-TDS return.
In revision you can delete existing record & add new record.
Thanks//VaibhavJ
You have to revise E-TDS return.
In revision you can delete existing record & add new record.
Thanks//VaibhavJ
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
- Nursery business
- Tax on Amount transferred in HUF Account
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
