Tax u/s 206AA

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4 Points Posted on 28 November 2020
Shall higher tax demand be raised u/s 206 AA on account of an incorrect PAN mentioned in the TDS return?
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On 28 November 2020 at 17:40 Report
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This discussion explores whether a higher tax demand can be raised under Section 206AA of the Income Tax Act when an incorrect PAN is provided in a TDS return. It clarifies that if the PAN is invalid, the higher demand may apply. However, for genuine errors, taxpayers can seek assistance from the tax department to correct TDS statements and avoid penalties.

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24 Points Posted on 28 November 2020
If its an invalid PAN, Yes.
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On 28 November 2020 at 18:02
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Tax consultant
5895 Points Posted on 28 November 2020
It cannot be raised under section 206AA ON account of an incorrect pan mentioned in the tds return
in such case if you're error are genuine then tax department helps in modifying the tds to help the tax payers to correct their tds statement
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On 28 November 2020 at 23:08

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