03 January 2014
Sir/madam we surrendered a PAN number under rules after the death of our sole proprietor.now the firm is LLP and have a new pan number The problem is some of our clients filed TDS in old pan and it accumulated for the financial year 2012-2013 .i want know the procedures of correcting the Mistakes pleas help me Regards
The proprietor died, & PAN was surrendered. Agreed. But, if the same was not informed / communicated to the Clients before they went on to file their TDS Returns, then, the clients are not at fault, right?
Now, if Clients refuse to revise TDS return, then what can happen?
03 January 2014
well then you just hold it the way it is. You pay taxes on your own and as legal heirs claim refund for excess tax credit in the proprietor's tax return.
CAclubindia
