Tds pan error
This query is : Resolved
27 May 2014
we have Filed TDS Return Form 26Q (Q2) 2013-14. But While filing Return We have wrongly Typed Two Deductee PAN Interchangeably .(194-H) Deducted @10% Rate (All Ten Character must be changed)
Whether I can file Revised Return?
If i File revised return any demand will raised by TDSCPC?for Interchanging 2 PAN.
Whether I can file Revised Return?
If i File revised return any demand will raised by TDSCPC?for Interchanging 2 PAN.
Nitin Bhuta
(Expert)
27 May 2014
Yes you can correct the error by filing revised returns
27 May 2014
Dear Sir
My Question is if filed my revised Return .Any penalty levied? For eg: 20% Deduction Rate instead of 10% Sec 206AA
My Question is if filed my revised Return .Any penalty levied? For eg: 20% Deduction Rate instead of 10% Sec 206AA
Nitin Bhuta
(Expert)
27 May 2014
No penalty levied for such corrections while processing e returns.
Message likes :
1 times
28 May 2014
Thank You sir for your Reply
Sec 206AA Says Only pan Can Altered only change in Two Alpha Character & Two Numeric character. In this Case we interchanging Two Deductee PAN ( ALL TEN CHARACTER CHANGING)
I have Confusion of 206AA attracted ?
In Future may i receive TDS CPC notice Saying 20% Must be Deducted?
Sec 206AA Says Only pan Can Altered only change in Two Alpha Character & Two Numeric character. In this Case we interchanging Two Deductee PAN ( ALL TEN CHARACTER CHANGING)
I have Confusion of 206AA attracted ?
In Future may i receive TDS CPC notice Saying 20% Must be Deducted?
27 July 2025
Here’s a detailed explanation regarding your TDS PAN error and revised return filing:
---
### Your situation:
* You filed TDS Return (Form 26Q) for Q2 2013-14.
* While filing, you mistakenly interchanged **two deductee PANs completely** (all 10 characters changed).
* Deduction was made @10% under Section 194-H.
* Now you want to file a **revised return to correct the PANs**.
* Concern: Will any **penalty or demand** arise due to this PAN error, especially considering Section 206AA?
---
### Key points:
1. **Revised Return Filing:**
* Yes, you can file a **revised TDS return** to correct the PAN details.
* The Income Tax Department allows correction of PAN errors via revised returns.
2. **Impact of Section 206AA:**
* Section 206AA mandates a higher TDS rate (20%) if PAN is **not furnished or invalid**.
* However, here you have PAN but **mistakenly swapped two deductee PANs** (both valid).
* Since PANs exist and deduction was at 10%, you are technically compliant for those PANs, but the **TDS credit might be assigned to wrong deductees** initially.
* Filing revised return with correct PANs will rectify the mismatch.
3. **Penalty or Demand:**
* Usually, no penalty is levied just for correcting PAN details through revised returns.
* If TDS was deducted and deposited at the correct rate (10%), no demand on higher rate (20%) should arise.
* TDSCPC system usually processes revised returns to update records.
* You may get notices if TDS credits are not matching, but they can be explained with revised returns.
4. **Precautions:**
* Ensure you file revised returns **as soon as possible** to avoid prolonged mismatch.
* Keep documentation for evidence.
* Communicate with deductees if needed to clarify corrections.
---
### Summary:
* You **can and should file a revised return** to correct the PANs.
* No penalty or demand for 20% TDS should arise if actual TDS deduction was at 10% and PANs were valid but wrongly interchanged.
* Section 206AA doesn’t apply because valid PANs were furnished (just wrongly assigned).
* Filing revised return clears the mismatch and ensures deductees get proper credit.
---
If you want, I can help draft the revised return procedure or a letter to TDS CPC explaining the correction. Want me to?
---
### Your situation:
* You filed TDS Return (Form 26Q) for Q2 2013-14.
* While filing, you mistakenly interchanged **two deductee PANs completely** (all 10 characters changed).
* Deduction was made @10% under Section 194-H.
* Now you want to file a **revised return to correct the PANs**.
* Concern: Will any **penalty or demand** arise due to this PAN error, especially considering Section 206AA?
---
### Key points:
1. **Revised Return Filing:**
* Yes, you can file a **revised TDS return** to correct the PAN details.
* The Income Tax Department allows correction of PAN errors via revised returns.
2. **Impact of Section 206AA:**
* Section 206AA mandates a higher TDS rate (20%) if PAN is **not furnished or invalid**.
* However, here you have PAN but **mistakenly swapped two deductee PANs** (both valid).
* Since PANs exist and deduction was at 10%, you are technically compliant for those PANs, but the **TDS credit might be assigned to wrong deductees** initially.
* Filing revised return with correct PANs will rectify the mismatch.
3. **Penalty or Demand:**
* Usually, no penalty is levied just for correcting PAN details through revised returns.
* If TDS was deducted and deposited at the correct rate (10%), no demand on higher rate (20%) should arise.
* TDSCPC system usually processes revised returns to update records.
* You may get notices if TDS credits are not matching, but they can be explained with revised returns.
4. **Precautions:**
* Ensure you file revised returns **as soon as possible** to avoid prolonged mismatch.
* Keep documentation for evidence.
* Communicate with deductees if needed to clarify corrections.
---
### Summary:
* You **can and should file a revised return** to correct the PANs.
* No penalty or demand for 20% TDS should arise if actual TDS deduction was at 10% and PANs were valid but wrongly interchanged.
* Section 206AA doesn’t apply because valid PANs were furnished (just wrongly assigned).
* Filing revised return clears the mismatch and ensures deductees get proper credit.
---
If you want, I can help draft the revised return procedure or a letter to TDS CPC explaining the correction. Want me to?
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