one of my client (status as firm) received commissions from company, but fortunately those company deduct tds on commissions by incorporating managing partner pan , instead of firm pan , those company submit e-tds returns for 3 quarters by mentioning incorrect pan, what is remedy for this
4 Replies
Piyush Singhal
(Proprietor)
(24 Points)
Replied 27 July 2010
| Originally posted by : chaitanya | ||
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one of my client (status as firm) received commissions from company, but fortunately those company deduct tds on commissions by incorporating managing partner pan , instead of firm pan , those company submit e-tds returns for 3 quarters by mentioning incorrect pan, what is remedy for this |
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The company has to file the correction of TDS return for all the 3 quarter wherein the said mistake has been done. They have to mention the PAN no. of firm in correction to pan no.of managing partner.
CA Krishna Chaitanya M
(Chartered Accountant)
(463 Points)
Replied 27 July 2010
is company liable to file revised e tds return, if so what is the time limit to file revised e-tds return
N KRISHNA CHAITANYA
(CA Student)
(101 Points)
Replied 27 July 2010
SOL :
The deducotr ( Company ) is in need to file revised return for the mistake done by them by replaceing Individual PAN Number wirh The Firm PAN Number
N KRISHNA CHAITANYA
(CA Student)
(101 Points)
Replied 27 July 2010
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There is no time limit for filing for revised tds returns
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