Wrong pan selected while filing

This query is : Resolved

jagadeesh (Querist)
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24 June 2015 i am a banker,we have a corporate customer with two accounts belonging to the same group.both the accounts have differnt pan nos.while filing returns we have made the mistake of filing with a differnt pan of the same group.now the customer received notice from IT for short payment.In banks we are not fully equiped to deal with tax matters.
Kindly help

Soumitra Basu

Soumitra Basu (Expert)
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25 June 2015 THOUGH YOU DID NOT MENTION THE NAME OF THE RETURN, BUT I PRESUME THAT IT IS TDS RETURN. IF SO, RECTIFY THE PAN NUMBER BY DOWNLOADING THE SAME FROM TRACES.

A.Senthil Subramanian

A.Senthil Subramanian (Expert)
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25 June 2015 Comfortably if it is ETDS return, download the Conso file of the same quarter from TRACES. Open the file and change the required PAN and validate the return. This is known as revised return. File this with signed form27A along with fvu.Please note that there are limited opportunities for Valid to Valid PAN Corrections. Then the PAN holder will get entry in his/its Form26AS. Give them the form16A. They will approach their ITO / or file the rectification to remove the Short payment. You may also contact an ETDS filer/Auditor.

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