14 March 2014
One of our PRESENT client has remitted incometax deducted at source recovered from contractors during financial year 2008-09 quoting PAN instead of TAN. The tax credit pertaining to the contractors is appearing in the PAN of our present client. The contractors has received demand for payment of tax from income tax department since the tax deducted by our client during 2008-09 has not appeared in the 26 AS of contractors.The contractors are requesting our client to rectify the mistake to enable them to request the assessing officer to consider the TDS deducted by our client. Pl suggest remedy and ways to correct the mistakes committed by our client.
CAclubindia
