Our assessee has file a TDS regular statement with quoting "PANNOTAVBL" for an assessee. It was due to mistake of the staff and the valid PAN was available to the assessee. Hence, a correction satatement has been filed with correcting the mistake and valid PAN of the assessee has been quoted. Later TDS CPC issue demand notice stating "INVALID PAN" and required to do TDS @ 20% (sec. 206AA) Because of PAN ERROR.
Expert are requested to give opinion on that matter and what should we have to do ?
CHECK WHETHER THE PAN GIVEN IN THE CORRECTION STATEMENT IS CORRECT.
ALSO CHECK THAT NOTHING SHOULD BE WRITTEN IN THE "REASONS FOR LOWER DEDUCTION COLOUMN".
Thanks for your reply Suksham.
Yes we have checked:-
The PAN given in the revised statement is correct and nothing has been given for lower deduction.
What we can do now ?
Chirag N Shah & Associates
Mumbai
CA Inter
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CAclubindia
