22 August 2008
Just week ago I observed that my this year (2007-2008) Form 16 was having wrong PAN (single character mispelled ‘P’ to ‘N’ ), however I got correct Form 16 from employer and filed tax return.
But on checking my previous year (2006-2007) tax return ack/ Form 16, it was also having wrong PAN ). My employer has deducted all tax (TDS) against that wrong PAN. Can TDS be revised against correct PAN ?
Can I file revised tax return for year 2006-2007 now. do i have to pay any penlity also?
22 August 2008
Correct PAN is the responsibility of the employer subject to you have given the correct PAN. TDS return can be revised stating correct PAN. At the time of filing your personal Return If you had quoted wrong PAN, then you have to Revise your IT Return. If your PAN is correct then there is no need to revise your personal IT Return.