What to Do If TDS Is Deposited Under the Wrong PAN?

Learn how to address TDS errors related to PAN deposits and ensure proper tax credit allocation.

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If TDS is deposited in the wrong PAN, it could result in delays or complications in claim credits during tax filing. Immediate action is required to rectify this error. Contact the deductor to request a correction. Deductors can revise the TDS return by filing a correction statement to amend the PAN details. Monitor the status and confirm the correction with the tax authority to ensure proper credit allocation.

FAQs & Answers

  1. What should I do if TDS is deposited using the wrong PAN? You should immediately contact the deductor to request a correction. They can amend the PAN details by filing a correction statement for the TDS return.
  2. What are the consequences of depositing TDS against the wrong PAN? Depositing TDS against the wrong PAN can lead to delays in claiming tax credits and complications during your tax filing process.
  3. How can I confirm if my TDS correction has been processed? You can monitor the status of the correction with the tax authority to ensure that the proper credit allocation has been completed.
  4. What is the process for revising TDS returns? The deductor needs to file a correction statement to amend the PAN details, after which you should track the status to confirm the update.