CA Navin Jain (MANAGER (FINANCE & ACCOUNTS)) (11768 Points)
10 July 2010Dear all
My client has received TDS Certificate from his Employer but his PAN No. is wrongly on TDS Certificate.
can my client avail the benefit of such TDS Certificate.
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 10 July 2010
No credit cannot be availed off by your client as the PAN No. is not rightly mentioned.
regards,
ratan
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 10 July 2010
your client can also download the TDS statement online from WWW.TIN-.NSDL.COM by registering on it.
the site will automatically provides the details of the TDS Deducted in the name of particular Pan No.
regards,
ratan
pooja
(1)
(139 Points)
Replied 12 July 2010
ur clinet willnot get the credit, but he can approch the employer for new TDS Certificate by showing his PAN Card , but the employer has to file the return again by making the corrections, then ur client will get the credit.
Samir
(ACA)
(113 Points)
Replied 12 July 2010
The number of complaints on wrong PAN and Assessment year on TDS and Taxes paid in Banks are on rise!
How can a assessee suffer for mistakes made by others?
(a) My Client A has got TDS Certificate with his PAN quoted, but his Tin account does not reflects the TDS?
(b) My Client B has paid Rs. 1,23,000/- as Self Assessment Tax in July 2009 in a nationalised Bank for F.Y 2007-2008 & filed return accordingly in that month at that time he did not had TIN a/c, but now when he registered he has found that the SAT of Rs. 1,23,000/- has been reflected in F.Y 2008-2009, now can anyone suggest what should be done?
Sunali
(Learner)
(1317 Points)
Replied 14 July 2010
| Originally posted by : pooja | ||
 |
ur clinet willnot get the credit, but he can approch the employer for new TDS Certificate by showing his PAN Card , but the employer has to file the return again by making the corrections, then ur client will get the credit. |
 |
Agree with Pooja, However the last option availabe with the assessee would be to write to his A.O. enclosing the TDS certificate in original as in that case the deductor will be liable u/s 272B and the deductee will be granted the claim.
Samir
(ACA)
(113 Points)
Replied 16 July 2010
(a) My Client A has got TDS Certificate with his PAN quoted, but his Tin account does not reflects the TDS?
(b) My Client B has paid Rs. 1,23,000/- as Self Assessment Tax in July 2009 in a nationalised Bank for F.Y 2007-2008 & filed return accordingly in that month at that time he did not had TIN a/c, but now when he registered he has found that the SAT of Rs. 1,23,000/- has been reflected in F.Y 2008-2009, now can anyone suggest what should be done?
Thanks!
Samir
(ACA)
(113 Points)
Replied 21 July 2010
(a) My Client A has got TDS Certificate with his PAN quoted, but his Tin account does not reflects the TDS?
(b) My Client B has paid Rs. 1,23,000/- as Self Assessment Tax in July 2009 in a nationalised Bank for F.Y 2007-2008 & filed return accordingly in that month at that time he did not had TIN a/c, but now when in E-filling a/c the Form No. 26S has been made available we have found that the SAT of Rs. 1,23,000/- has been reflected in F.Y 2008-2009, now can anyone suggest as to what should be done?
Can anyone please suggest as to what should be done?
My client B enquired with the Bank where he deposited the SAT, the Bank said that now they can't say anything, they also said that can be no mistake from their side it may be mistake of Income Tax Department.
Now Should we inform the concerned ITO by a letter about the said apparent mistake?
Or
Should we wait for any response from ITO & then reply when we get any correspondence or query from them?
Please give your suggessions as the Tax amount is Big!
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 21 July 2010
| Originally posted by : CA Navin Jain | ||
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Dear all My client has received TDS Certificate from his Employer but his PAN No. is wrongly on TDS Certificate. can my client avail the benefit of such TDS Certificate. |
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Simple solution is available. Ask your employer to revise his TDS return and provide you corrected Form 16
Somshekar (Rankholder)
(-)
(158 Points)
Replied 21 July 2010
agreed with shudhanshu. request the employer to issue revised tds certificate as your client will be in trouble if he file return as penalty of 10000 gets attracted for quoting wrong pan
Kannan Iyappan
(Company Secretary)
(1496 Points)
Replied 03 September 2010
I am also facing the same problem , we issued form 16 to our vendor wrongly hence he quoted wrong PAN no and want of ratification in latter stage, now.
My question is we can not correct the form 16 hence money were remitted as against the wrongly quoted pan. Is there any issue in filing revised return by us ? Is there any extra amount needed to be remitted for revised return??
Please tell me the procedures to file revised return.
Kannan Iyappan
CAclubindia
