Wrong pan in tds return
neeraj (CA) (930 Points)
19 May 2012
What when we mentioned Wrong PAN in TDS return and someone claimed that TDS
Prakash Ramani
(B.com,CA)
(276 Points)
Replied 19 May 2012
as per my knowledge revise tds return and intimate your respective tds ward of income tax dept.
CA SENTHIL PRABHU
(CHARTERED ACCOUNTANT)
(132 Points)
Replied 19 May 2012
if you had mentioned wrong PAN( i.e Invalid PAN) then it will be treated as "PAN not available" and the tax rate will be 20 % you are liable for the difference in rate until you revise the return.
Else if you mentioned the correct PAN of a wrong person and that person claimed it means you have to revise the TDS return...
ankita Goyal
(Student CA Final)
(113 Points)
Replied 19 May 2012
Yes u will have to revise the return
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 19 May 2012
Revise the return and also intimate your A.O. regarding the mistake.
PRITAM JAIN, CA , CS
(Practising CA CS)
(398 Points)
Replied 21 May 2012
| Originally posted by : neeraj | ||
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What when we mentioned Wrong PAN in TDS return and someone claimed that TDS |
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Nobody can claim wrong tds. Even if you have qouted PAN of a wrong person he can not claim your tds as he should have earned that income from that particular deductor.
so as stated earlier revise the tds return as early as possible and the ri8 person can claim his tds amount.
TDS credit in 26AS will simply be shifted from wrong person's PAN to the right person's PAN soon after you revise your tds return.
CAclubindia
