20 December 2011
Dear Experts I need suggestion from u. One of the my client have a company name "XXX service India LLP. he apply for the new pan card, he got the PAN card as" XXX pvt ltd. LLP" he din't verify the PAN card during when he recieved . he sent the pan card to all his client for deducting TDS. his client deduct TDS and submitted to IT Dept, during the filing of return he saw that the PAN card is wrong. and apply for the new pan cardbut due to wrong pan card he can't calim the TDS PLS SIR tell me the procedure and penality regarding claiming and who is liable for the penality and how much, my client ready to remuibersh the penality paid by the dedctuer i f any.......
20 December 2011
Your client should apply for correction in the old PAN Card filling up form 49B and submitting it to the nearest TIN Facilitation Centre. Applying for the new PAN is not the correct step to be taken. You will face a lot of difficulties if you apply for new PAN. If already applied for a NEW PAN, then while filing correction, surrender the new PAN card.
20 December 2011
Yes, File Amended Change Form to Change Details in PAN Card. & Dont Apply For New PAN, If Hold Already. Otherwise Fine Upto 10000/- also Jail.