22 April 2015
Dear all,
I have not deducted tds under sec 194H with wrong PAN coz deductee threshold limit not exceed as per rule i.e. Rs.5k.
And I have shown all details at the time of return filling by putting threshold flag (i.e "Y") but received software genereted notice from dept.(Traces) that pan is wrong and need to pay @20% tds on the same.
So, need advice whether dept. is correct or not and if correct then under which section this rule comes.
Thanks
Ragards
Bijit
22 April 2015
you can correct the return with correct PAN number and reply to the department. since the PAN number is wrong IT system must be generated the default notice automatically. so you can correct the same
CAclubindia
