Wrong status in pan no. alloted
This query is : Resolved
06 January 2014
One of my client, co-operative society applied in 2006 for PAN got PAN containing 4th character as 'J'
means status as Artificial Judicial Person.
while their actual status is 'co-operative society'
till AY 2012-13 we were filling Itr 5 with status as co-operative society.
now for current year when we are trying to fill Itr 5 with that PAN and status as co-operative society.
they are subject to Tax audit u/s 44AB.
their tds is also deducted which amount to more than 5lakh.
now problem is when we select status as co-operative society and put that allotted PAN, Itr 5 shows as invalid pan for co-operative society and if v file Itr with status as Artificial Judicial Person we are not able to claim deduction u/s 80p.
and for current year also (AY 14-15) same PAN with contractor, their TDS is deducted more than 1.5lakh.
what is most feasible solution in this situation?
means status as Artificial Judicial Person.
while their actual status is 'co-operative society'
till AY 2012-13 we were filling Itr 5 with status as co-operative society.
now for current year when we are trying to fill Itr 5 with that PAN and status as co-operative society.
they are subject to Tax audit u/s 44AB.
their tds is also deducted which amount to more than 5lakh.
now problem is when we select status as co-operative society and put that allotted PAN, Itr 5 shows as invalid pan for co-operative society and if v file Itr with status as Artificial Judicial Person we are not able to claim deduction u/s 80p.
and for current year also (AY 14-15) same PAN with contractor, their TDS is deducted more than 1.5lakh.
what is most feasible solution in this situation?
CA Hardik Bunha
(Expert)
06 January 2014
file income tax return for that year as manual return dont file it online.
cancel your existing pan no. and make new application
in new application form fill last content that u have alloted more than one pan, there write your this pan.
cancel your existing pan no. and make new application
in new application form fill last content that u have alloted more than one pan, there write your this pan.
CA Hardik Bunha
(Expert)
06 January 2014
stop giving your old pan to deductor for some time.
you have to file existing period income return too manual.
it mean you have to file 2 year manual return. with form 16A enclosed with return.
you have to file existing period income return too manual.
it mean you have to file 2 year manual return. with form 16A enclosed with return.
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