Quoted wrong PAN in TDS return

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Indudhar

Tax Advocate

196 Points Posted on 14 June 2011

Friends,

I have quoted wrong PAN of deductee in TDS return, and filed the return with the same wrong PAN.

The ITo processed the return and issued the refund with the wrong PAN, The Banker rejected the refund voucher as the PAN was different.

now i came to know about this blunder. After verifying the wrong pan is existing with different assesee name.

What to do now?

Shall i file revised TDS return and file for rectification?

Please help me out...

Replies (4)

CA ADITYA SHARMA

CA IN PRACTICE

14247 Points Posted on 14 June 2011

YES YOU CAN FILE REVISED RETURN

BUT WAIT FOR MORE EXPERTS REPLIES TO COME

SHASHI VARDHAN

Pay Accts

103 Points Posted on 14 June 2011

Dear Indudhar,

It is practicly not possible to issue IT refund after quoting wrong PAN. However, if it is issued with wrong PAN, you may like to approach your Assessing Officer with full clarifiction and apply for rectification U/S 154.

U S Sharma

glidor@gmail.com

21670 Points Posted on 14 June 2011

Originally posted by : Indudhar

Friends,

I have quoted wrong PAN of deductee in TDS return, and filed the return with the same wrong PAN.

- How come you got the PAN number of deductee? you have to get TAN no only of deductor.

The ITo processed the return and issued the refund with the wrong PAN, The Banker rejected the refund voucher as the PAN was different.

- Refund comes to the return filer, with the PAN of deductee, not the PAN of deductor.

now i came to know about this blunder. After verifying the wrong pan is existing with different assesee name.

What to do now?

Shall i file revised TDS return and file for rectification?

Please help me out...