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Q. > Please Help: TDS
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337 views • Question added Mar 19, 2014 • Income Tax • By AJAY D. LUKKA , CA , Mumbai


I have filed Correction Statement (Return) for TDS of My Client, I Received Demand Notice in which TDS of 20% is Payable on PAN which were corrected in Correction Statement & the difference between the Invalid (PAN Mentioned in First TDS Return) and Valid PAN (PAN Mentioned in Correction Statement) is more than 2 alphabets and /or 2 numeric characters. Is there any Provision/Circular/Notification in Income Tax Act that specify that If the difference between the Invalid PAN (PAN Mentioned in First TDS Return) & Valid PAN (PAN Mentioned in Correction Statement) is more than 2 alphabets and /or 2 numeric characters, then TDS should is Deducted @20%, also Specify such Notification. Thank You.

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