Wrong pan/no pan qouted in tds return

This query is : Resolved

Kamaldeep Singh (Querist)
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30 April 2012 HELLO EXPERTS.
kindly help me to know that if a wrong pan by mistake is qouted in a tds return and now department has raised demand for payment of tds @ 20% then can return be revised with correct pan and one can save himself from such demand?

similarly at the time of payment if pan was not available and tds was deposited @ regular rate not @ higher rate can the return be revised with qouting pan no.?

likewise pan was not available at payment time and tds was deposited @ 20% and now pan is available so can deductor revise return with proper pan to help deductee get credit of 20% tds?

pls guide me it's urgent...thanks

anil kumar

anil kumar (Expert)
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30 April 2012 DEAR

1) WITH OUT PAN THE TDS RATE IS 20%
2) THE CONTRACTOR CAN CLAIM WITH HIS INCOME TAX RETURN.
3) IF U QOUTED A WRONG PAN IN TDS RETURN, NOW U CAN REVISE THE RETURN WITH CORRECT PAN.
4) AT THE TIME OF PAYMENT PAN IS NOT AVAILABLE U CAN DEDUCT @ 20%.