Tds notice on non quoting pan

PAN CORRECTION MUST BE DONE FOR ALL QUARTES.

Reply to the notice issued by the TDS ward enclosing the PRNs of the Revised Return/Correction Statement

Originally posted by : Dipjyoti Majumdar
	Reply to the notice issued by the TDS ward enclosing the PRNs of the Revised Return/Correction Statement

Mr. Phani Kumar. Revise of all Qtrs has been done.

However the Client has Quoted as "PAN Applied" when it was not available. But Notice is based on the original return where there were no 20% TDS deduction on non-availbility.

Sec. 206AA  has been inserted wef 01/04/2010, wherein tax is required to be deducted at a higher rate of 20% where PAN is not available. Hence the notice for short deduction.

Post filing of correction statements the balance PAN not available would be taxed @ 20%. You are required to approach your TDS assessing officer, asking him to generate a revise default details for the individual quarters and pass necessary rectification orders giving due effect to the correction statements filed. Subsequent thereto he shall issue revised demand notices.