Giving wrong tan

This query is : Resolved 

05 June 2014 I have given wrong TAN of my tax deductor. I want to know the consequences of this. Can it cause me any type of fine at the time of assessment.

05 June 2014 Dear,

There are so many consequences.

It would be better for you to revised the return.

05 June 2014 Sir its belated ITR for last year and i cannot revise it. Do i have to required to pay any big amount as penalty for that.


05 June 2014 You should file rectification u/s 154

05 June 2014 simple consequence is that tax credit will be denied and you will receive a demand notice under section 156.

once you receive the notice, revise the return as Deepti suggested.

06 June 2014 There are no penal consequences. Only thing is your tax credit will be denied. However you can apply for rectification u/s 154 when you receive intimation for the same.



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