Tds revised return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2012 If there was a default of wrong PAN posted in TDS return and credit allowed to that other person and refund is already made and later on when the default is recognized, TDS return is revised and correct PAN is replaced with the wrong one, in such case who will be liable for the loss??

anurag

anurag (Expert)
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25 February 2012 the person deducting the tds.

Guest

Guest (Expert)

25 February 2012 DEDUCTOR WILL BE LIABLE IF HE HAS WRITTEN WRONG PAN IN TDS RETURN AND DEDUCTEE SHALL BE LIABLE IF HE HAS FURNISHED WRONG PAN.

IN THIS CASE DEDUCTOR IS LIABLE.

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