I had made a TDS payment yesterday and by mistake i selected company deductees instead of non company deductees..can this be rectified any how..plus the tds has been dedcuted on those parties which do not have PAN..pls help
7 Replies
Bhavin Bhadra
(Job)
(174 Points)
Replied 31 March 2010
No It can not be rectified now. and as parties not having pan they can not avail credit of their TDS.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 01 April 2010
| Originally posted by : Pankaj | ||
 |
Originally posted by : Ria Saraf u can file revised retun than . |
 |
Dear Pankaj
The query raised is for payment of TDS and not filing of return.
@ Riya: Since the parties do not have PAN then they will not get any credit for TDS and also till now I have not seen anyone not getting credit if tax was paid in wrong deductee head. However be careful when you make payment next time.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 01 April 2010
Also from today onwards if PAN not quoted then TDS deductible @ 20%
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 01 April 2010
Dear Ria,
You have to approach your Assessing Officer with an application containing the details of your PAN alongwith copy of challan and the and request him to carry out the necessary corrections.
regards,
ratan
Love Pumreja
(Senior Article)
(49 Points)
Replied 01 April 2010
if not having pan 20% tax will be deducted or higher otherwise 10000 penality will be imposed on wrong qouting of pan deatils
Recent Topics
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
