Dear All,
One of my client deducted 2% TDS u/s 194C but provided wong PAN. regular return was filled, department issued demand notice demadning 20% tax, i filled revised return submitting correct PAN but didnt pay the amount which was determined by dept. in illusion that it will nullify demand automatically when proper PAN will be submitted . My questions are
1) Do i need to deposit tax @ 20%??????
2) Will the deductee get credit of 20% tax if i deposit so?????
Thanks in advance