Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 May 2014 what to do if invalid pan have been enetered in tds return?

will it be laible for 20% tds or just revision of return with correct pan is sufficient?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

03 May 2014 You can file a rectification statement.
So, if you rectify the PAN even after receiving the Default Notice, it will not be liable for 20% rate.
.

Message likes : 1 times

Nikhil Kaushik online

Nikhil Kaushik online

(Expert)
Follow

03 May 2014 please note that correction only upto two alpha and two numeric characters is allowed. if the correction includes more than this, 20% deduction shall still apply.

Upgrade to CAclubindia Pro. Subscribe Now!