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September 2008

Relaxation in the rules for mention of PAN in the TDS returns : Internal instructions.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants
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Part A : DIRECT TAXES


64 Relaxation in the rules for mention of
PAN in the TDS returns : Internal instructions.

As per the recent Circulars of CBDT, threshold limits were
laid for mentioning of PAN of deductees in the TDS return. However, due to
practical difficulties faced by the assessees, these norms have been relaxed.
Now, if the payment has been made for the total amount of TDS and the
information is available of few deductees, then return can be filed with the PAN
of those deductees. Consequently, the cor-rection return can be filed after
obtaining the PAN of the remaining deductees. Care needs to be taken that the
amount paid as TDS needs to tie up with the total amount mentioned in both the
TDS returns.

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