Issue of TDS certificate

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Hi

If a vendor approaches us to issue his TDS certificate with another PAN because he quoted it wrongly/any other reason for 2007-08 PY now, can we issue or is there any bar, statutory binding?

Nevertheless, we know he will not get credit unless we revise our etds returns which is cumbursome.

Please advise if there are any statutory issue in case it is decided to issue another one.

Rgds

Rajashree

Replies (4)

dear RAJA

 

you can issued the TDS certificate t the vendor,

but as per my view it is not good to your company, bcoz now you will give him the tds certificate by the NEW pan no. but as per your record that pan number does'nt exit at that time, & you issued him the certificate that is the prrof that you have deducted the tax of that person but you actually does not deducted the tax on that pan no. of which you will issued the certificate,

so in future that person or an ITD can filled a case on your company on this basis, for frauding the person & ITD or filling tthe wrong return,

 

so as per my view you dont have to issued the certificate with new PAN no.

In case you decide to issue the certificate, you must revise your return. There is no legal hurdle in issuing the certificate, rather it is your moral duty to do so.

 

Just ask the vendor to make written request and surrender the original of previous certificate.

I Want TDS Certificate Excel Format latest with Linked worksheet.

Van any body provide me.

 

Thanks

P.Srinivas Rao

u can n shud issue a fresh revised form 16 to your vendor.  take a copy of his pan card for your record and revise your tds return with necessary changes. always always take a copy of pan card of vendor of whom tds is being deducted for your record to avoid problems like this in future.


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