Dear Members
In 2nd quarter 24Q return of last F.Y. -PAN of a assessee was wrongly misquoted . The correct pan is Entirely different( more than 4 letters are different ) as a result of that 20 % demand is generated on the Taxable salary of the 2nd quarter. Even if I change the Pan in revise return the demand would be still there as MORE THAN FOUR CHARACTER are different (as per the Traces customer Care ).
To mitigate this problem CAN I do this in revise return:-
-Instead of changing the Incorrect PAN can I left as it is(As in Revise return row cant be deleted) and in salary and tax cell the amount would be Zero.
-AND will insert the Correct PAN with the salary amount and tds amount which was posted with the Incorrect PAN.
Is it possible or any consequences that can occur there after ?
PLEASE DO COMMENT.
Numerical Example ( hypothetical)
IN ORIGINAL RETURN
Incorrect Pan ABCDE1234F SAL 50000 TDS 5000
IN REVISE RETURN
CORRECT PAN MNOPQ5678H SAL 50000 TDS 5000( posting the salary and tds of incorrect pan)
Incorrect Pan ABCDE1234F SAL 0 TDS 0 ( Is it possible)
Please do comment.
Thank you
CAclubindia
