I have quoted wrong PAN number in 26Q return of one party. I have now received notice from IT for payment of penalty for short deduction. What should I do? Can i file revised return with corrected PAN number or I have to pay penalty as per demanded by IT department. i have quoted PAN number of different party i.e whole PAN number is wrong. If i filed revised return with corrected PAN number then default penalty will write off by IT depatment?
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Wrong pan number quoted in 26q return
Replies (3)
You have to revise return duly mentioning correct PAN.
First Download Justification report and check the PAN. IF it is wrong, then revised the return selecting change in PAN. If PAN is correct then demand will automatically removed by Department itself. So need to pay penalty. and check the status from TRACES Portal
Sir u don't hv to pay d penalty just correct ur return online through TRACES
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