PAN NOT avialable

This query is : Resolved 

15 June 2010 at the time of filling 26Q, some parties PAN was not available and we have filled those parties as PANNOTAVBL and issued TDS certificate to party.
The party not in a position to claim tds credit, the dept. has kept in suspence. now what we have to do, pl.advise

15 June 2010 A deductor cannot issue the Form 16 or Form 16 a with PANNOT Available. ask the deductee get the PAN and correct the TDS return then they can claim the TDS

15 June 2010 Agreed with Ramesh Sir. Ask the party to get the PAN. Its very easy. You can get the PAN no. immediately after applying.


15 June 2010 If PAN is not provided in e returns while filing returns under electronic mode, the amount will not go to the credit of the tax payer and will be not exhibited in Form No.26AS (View your tax credit). Some people have got a doubt that whether returns are to be filed every year if PAN is obtained and they will receive notice from Department. It is not compulsory to file the returns, even if PAN is there, when the income is below the taxable minimum. (Sec. 139) So convince the party to obtain PAN through NSDL or UTI. The PAN Application can be downloaded and a stamp size colour photo, address proof and identity proof are to be given.

CA S. SURYANARAYANAN

16 June 2010 Mr. CA S. SURYANARAYANAN
Please clarify that we have to collect PAN & file correct return every time

18 June 2010 In this case, if deductor is able to collect PAN, he should collect it and revised his return for benefit of dedcutee.

18 June 2010 Dear Sri Bansalji,

Thanks for the clarification you have added to mine. Yes, it has to be done everytime for the relevant quarter.

CA G. SURYANARAYANAN



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