Tds demand on wrong pan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2012 I have filed the TDS return with a wrong pan for which department issue a notice for short deduction.

Example-Individual
Wrong Pan-AAAPA0001A
Section-194C
TDS Rate-1%
Amount Credited-Rs.100
TDS Amount-Rs.1

In Notice
Section-194C
TDS Rate charged-20%
Amount Credited-Rs.100
TDS Amount-Rs.20

Whether it is justified or not please suggest what should i do ?

CA Prashant Gupta

CA Prashant Gupta (Expert)
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27 April 2012 The department is correct on showing demand. but you can revise the TDS return with correct pan.
if person does not have pan, you have to deduct TDS at 20% and pay alongwith interest.

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