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Tds certificate

bharat kumar (article clerk) (24 Points)

06 June 2012

my client received a TDS certificate on which PAN no is wrong . What can be do if issuer is not ready to revise his TDS return. ( TDS is of a contractor )

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14 Replies

Devendra (Chartered Accountant) (4780 Points)
Replied 06 June 2012

You will not get the Credit of the TDS deducted by the Deductor.

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Yogesh Kumar (Job) (180 Points)
Replied 06 June 2012

TDS return should be revised by the deductor otherwise you will not able to take the credit because till then it will not reflect in your 26AS which works as a Database for Income Tax Department.

Neha sharma (-) (1257 Points)
Replied 06 June 2012

If TDS has been deposited stating the wrong PAN No., the tax payer would not be able to claim credit as the database of Income Tax Deptt is PAN based.

As the TDs has been deposited stating the wrong PAN No., it wont be reflected in Income Tax Form 26AS and you would be required get the same rectified and then only would you be able to claim tax credit

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 07 June 2012

Just tell your deductor to revise the return.

If not then drag him to the Court. That would suit him.

Maruthamuthu Kalaimani (SR Accounting Solutions - Proprietor) (79 Points)
Replied 07 June 2012

I agree with Neha

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sibananda (Student) (32 Points)
Replied 07 June 2012

if u ve got wrong tds certificate,then u cant get tax credit. So u should request to the dedector to issue fresh tds certificate on ur correct pan and asked him to revised your tds return by putting correct pan. You should give written request to the dedector for change such details accordinglyand also get a received copy from the dedector.If u want to file your return in due date then u proceed with that wrong TDS certificate by filling correct data and asked the dedector to issue correct certificate after revised the tds return.if ur filling after the due date of it return u filled ur return online accordingly and request for 143 (1) to income tax department online, in such time the deductot get time to revised that return after getting such correct certificate make rectification request online by which u can get ur tax credit.

Ajay Kumar Rungta (article) (61 Points)
Replied 07 June 2012

I agree with Neha.........

Shantaram Shanbhag (Senior Director) (21 Points)
Replied 07 June 2012

You can file a grievance complaint against the deductor with the respective TDS Officer of the Circle and he can send written notice to the deductor to ensure that you get the TDS Credited in your account.

CA YOGESH DHIMAN (EXECUTIVE) (149 Points)
Replied 08 June 2012

agreed with Neha.......................

DINESH (aaa) (21 Points)
Replied 09 June 2012

All Members,

Kindly let me know if the deductee provides wrong PAN No.? Who should held responsible.

Many instances are there where deductees state wrong PAN No. and then Deductor has to take steps to file revised returns.

If there are any solutions to find out the PAN No. Details of the Deductee online, these confusions can be totally avoided.

Regards

Dinesh.S.

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Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 09 June 2012

There is no way to find out the PAN details of an assessee online.

If the deductee provides wrong PAN, still the responsibility is of the deductor. The latter has to submit his revised return because it was he who is responsible to deduct the tax.

(Guest)

Dear Dinesh,

By making dummy TDS payment entries quoting deductee pan u can verify them and error will be reduced almost to nil.... further you can contact me after refering to below link

https://onlineservices.tin.nsdl.com/etaxnew/PopServlet?rKey=-660899216

Mushak shareef (eFiling Consultant) (144 Points)
Replied 09 June 2012

Dear Dinesh

The filer or the person who is digitising the data into RPU or the person who is making payment has to verify the PAN with the photo copy of the deductees PAN card. Until giving the photo copy of the PAN dont Disburse the payment. This is the responsible which is imposed on deductor.

Mushak shareef (eFiling Consultant) (144 Points)
Replied 09 June 2012

Dear Bharat,

find what is the reason behind the deductor to not to revise the return, If it is monetary or it may be your C's fault ( giving a wrong PAN at the time of furnishing) and your C's TDS is huge then you can get a 27A from him with authorised signature of deductor and with permission of them (Every thing should be in written ) you can revise the return (means you pay the cost of revising) and get the credit. When every action become failure then you go for way of Dear Shantaram Shanbhag. All the best.