venkatesh (xxxx) (52 Points)
20 December 2013I had Purchased a propery above 50lakhs , so as per govt rules I had deducted tds of 1% ,as it was a joint property I was liabe top deduct TDS of both the sellers, I deducted the whole TDS against one seller's PAN only, How to Rectify??? I went to TDS-Department , the officer said they can't help as I don't have any TAN no. So could you please tell me whom do I approach....? is it possible to correct the challan?
DHARMENDRA PRAJAPAT
(CA FINAL)
(105 Points)
Replied 20 December 2013
If you commit any error in quoting the PAN or other details in the online Form as there is no online mechanism for rectification of errors. For the purpose of rectification you are required to contact Income Tax Department.
NOUFAL
(ACCOUNTANT)
(762 Points)
Replied 22 December 2013
The deductor must have the TAN number. Then only the deductor can make issue the TDS deduction certificate to them. If you have this type of default. Please issue a correction letter to the incometax department and new pan holder tds amount with interest 1.5%/ month default.
S.R.Associates
(Tax & Investment Consultants)
(115 Points)
Replied 25 December 2013
Dear
Please find the attached file containing the provisions for Challan correction.
Regards,
S.R.Associates
9685595760
CAclubindia
