Plz reply .. Help needed..
This query is : Resolved
28 June 2011
My company earlier had a pan no: XXXXXXXXXX which was later surrendered with DEPARTMENT OF INCOME TAX due to some operational defaults from their part. Later, they issued us a new pan no: AAAAAAAAAAA.
Somehow, the company missed out to inform the new PAN NO: to the business debtors, who has made the deduction against the dues and submitted tax credits in lieu of old PAN NO.
Now, I found difficulty in claiming the refunds. My CA says that only the debtors could make necessary changes (Some rectifications ) in returns which were filed 1-2 years ago. So that the credit may stand in the new pan no to claim the refund.
My question is ... Is there any such provision to the deductees to rectify the filed returns..? My discussion with my trade debtors stands nowhere as they deny such provisions.
Plz confirm me, if there exists any such provisions..? It's process.. etc
I am in dire need of help..
Somehow, the company missed out to inform the new PAN NO: to the business debtors, who has made the deduction against the dues and submitted tax credits in lieu of old PAN NO.
Now, I found difficulty in claiming the refunds. My CA says that only the debtors could make necessary changes (Some rectifications ) in returns which were filed 1-2 years ago. So that the credit may stand in the new pan no to claim the refund.
My question is ... Is there any such provision to the deductees to rectify the filed returns..? My discussion with my trade debtors stands nowhere as they deny such provisions.
Plz confirm me, if there exists any such provisions..? It's process.. etc
I am in dire need of help..
28 June 2011
As per my opinion, your debtor should file revised TDS return, quoting correct PAN number.
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28 June 2011
The only ramedy is to request your debtors that your correct PAN NO. is this. Kindly note it for all future matters and kindly also correct the old returns of TDS it will be done.
Alternatively you must have received the TDS Certificate in old TDS Number. Take the same to the AO and submit the same by stating that the mistake was on the part of the department they will correct it.
Or else go directly to the TDS department they will make necessary changes in their computer records.
Alternatively you must have received the TDS Certificate in old TDS Number. Take the same to the AO and submit the same by stating that the mistake was on the part of the department they will correct it.
Or else go directly to the TDS department they will make necessary changes in their computer records.
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29 June 2011
Sir, thank you for your advice. But pls. tell me the procedure that the debtor has to do to rectify the same. Can it be done through web portal of NSDL ?
29 June 2011
NO you have to meet the concerned ITO TDS for rectification or as advised by you
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