Sir we have filed form 26q for the third quarter of 2024-2025. In which, certain deductees PAN was inoperative. so, we have made 20% payment and filed the return. Now the PAN is operative. Can we file the revised return by changing the tax rate to1%. But when we made TDS payment PAN was inoperative. Can any one please clarify?
3 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6783 Points)
Replied 11 February 2025
V SUBRAMANIAM
(Tax consultant )
(537 Points)
Replied 12 February 2025
If pan was inoperative on the date of payment or credit 20% needs to be deducted .if the pan was opertaive on later u cannot file correction .
Venkatesh Chamarthi
(CA)
(44 Points)
Replied 12 February 2025
You cannot file revised return as TDS at higher rate was applicable at the time of deduction.
Deducted can claim refund while filing return. The only loss to him is interest on the excess TDS which is negligible. So, don't get into unnecessary trouble by filing revised return.
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