Tds pan (206 aa)

This query is : Resolved

s suresh (Querist)
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29 May 2014 Dear Sir

We have Already Filed TDS Return Form 26Q (Q3) fy 2013-14. But One Deductee pan Wrongly Mentioned ACGPP5217F instead of CQRPS6039N . (SEC 194-H @10% DEDUCTED).
( ABOVE TWO PAN NUMBER IS VALID)

If i file Correction Return to rectify above mentioned PAN.( MORE THAN 4 CHARECTER ALTERATION REQUIRED) IS ATTRACT 206AA ? 20% TDS TO BE DEDUCTED?

Rupesh Jain

Rupesh Jain (Expert)
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29 May 2014 if you already deducted the tax and file the return and PAN is wrong mention then you have to revised the return and correct the PAN. there is no need to deposit the TDs @ 20%.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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29 May 2014 unfortunately, you are right. you cannot correct more than 4 characters in the PAN and that results in 20% deduction trigger.

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A.Senthil Subramanian

A.Senthil Subramanian (Expert)
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29 May 2014 Nikhilji, But I think a correctly given PAN in regular statement can be corrected one time in a correction statement. We may use this for the situation of Mr. Suresh.