DONT PROVIDE INCORRECT PAN IN E TDS RETURN - YOU CANNOT RECTIFY IT

In respect of Un-correct PAN Please note the following.

01.   PAN provided in-correct in E TDS return will be considered as NO PAN PROVIDED.

02.   For no PAN , TDS is required to be deducted @ 20% in place of actual rates.

03.   NSDL – Income Tax will calculate the TDS @ 20% and raise the demand on the company

04.   The Incorrect DATA gets locked and cannot be rectified in revised E TDS return.

Hence, make sure that correct PAN had been provided in the E TDS return