Tds notice on non quoting pan

TDS 682 views 4 replies

shreeni

Cs-exe pursuing

48 Points Joined February 2012

Folks,

One of my clients have got a TDS notice (U/s 200A) on non-quoting PAN during 2011- 12 regular return for 1st three qtrs and apparently client didn't have deducted 20% on non-quoting PAN and few short payment and late payments. Now Client has done revise return 3rd qtr where there are few corrections of PAN has been done subsequently client is claming that we have done correction of PAN in 3rd qtr.

Will it be possible to avoid Notice on account just revise return on 3rd qtr???? PLS... help ASAP....

Replies (4)

CA Vanamala Phani Kumar

Proprietor of M/s Vanamala and Co

972 Points Joined August 2010

PAN CORRECTION MUST BE DONE FOR ALL QUARTES.

Dipjyoti Majumdar

CA in service & CS. dipmaj@

3489 Points Joined June 2011

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

shreeni

Cs-exe pursuing

48 Points Joined February 2012

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.

CA. RUPESH JOSHI

Chartered Accountant

174 Points Joined September 2009

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.