16 October 2013
Hi all, One of my Bank client has two customer with same First & Last Name & both are the FD holder of the Bank. One of the client has PAN no but another haven't had any.While submitting TDS Return the Bank wrongly entered the same PAN no,in both FD A/C since the name was same.Now the party with the PAN no.wants to delete the extra Interest & TDS shown in has name since it is increasing his TAX liability the other hand the other party doesn't want to have a PAN no. And since we cannot revise the return with Invalid PAN,please suggest me how to deal with this issue.And is there any Reconciliation Dept at Income Tax Dept for such issues.