Sourabh Katiyar (-) (112 Points)
13 February 2024Dear Members
There is showing a demand for Higher Deduction in TDS return.
I have filed my 26Q for 2nd qtr and some PAN were inoperative at that time.
Due to which it is showing 20% tds applicable.
but now pan has been operative and valid.
So what are the options to rectify this.
Pls reply
Saravanan nagaraj
(463 Points)
Replied 13 February 2024
When a pan card in inoperative status, it means a person doesn't have pan card. So, you have to deduct TDS @ 20%
You have to make penalty of Rs.1000/- under challan code 500. It will atleast 4 days to confirm the payment. Then you can link their Aadhaar and pan.
sabyasachi mukherjee
(27574 Points)
Replied 14 February 2024
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