Hi All,
We have got Demand from TDSCPC for 27Q for PANERROR which raised to short deduction also.
In Justification Report it seems that TDS is deducted @ 10.4 % instead of 10% as per DTAA. So 0.4% diff is due to cess? Does Cess applicable? (Payment done to Foreign Entity is of 6.7L)
Even if we pay short deduction than what to write in place of PANNOTAVBL in 27Q when we revise 27Q ? as foreign entity has Tax Identification No. & that we have already mentioned filing regular statement in 27Q.
Please help. Thanks in Advance
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27Q DEMAND FROM TDSCPC
Replies (3)
From you query, I understand that the demand is to the tune of 0.4% and not on 10%. Thus, the demand has not arisen on account of PANERROR but on account of not considering education cess. In this regard, it is not clear whether the tax is deducted as per the Income-tax Act or DTAA? if the 10% is applied on account of Income-tax Act then the levy of education cess is correctly computed. However, if the rate applied is as per DTAA then you may file a rectification application as the DTAA rate need not be increased by education cess while deducting tax
Hi
What did you select in remarks column in such a case where PAN is not available.
Dear Sir,
While filing 27Q TDS Revised Return i mentioned PANNOTAVBL but after validating the Form i am having error that only structurally invalid pan can be corrected and also the same issue i am facing with email id, contact details and address of deductee. So, please guide for above so i can file 27Q return.
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