Guidance Needed: TDS Filed Under Wrong Company – How to Transfer Credit from Company A to Company B?

[Ramanathan Seshan]

Dear Experts,

We’re facing an issue where a customer has mistakenly filed TDS in the name of Company B, although the purchase and transaction were actually made with Company A. As a result, the TDS credit is reflecting in Company B’s Form 26AS instead of Company A’s.

Is there a way to rectify this and transfer the TDS credit from Company B’s 26AS to Company A’s? What is the appropriate process or remedy for this kind of error if we want to rectify from our end and not request the customer to rectify the TDS return.

Regards,
S Ram

AI Summary

TDS Credit Mismatch: Original Deductor Must Rectify PAN Error Through Revised Return to Resolve Tax Credit Allocation A corporate entity encountered a TDS filing error where tax credits were mistakenly filed under the wrong company's PAN. The discussion explores potential remedies, concluding that the only viable solution is for the original deductor to file a revised TDS return correcting the PAN. No administrative mechanism exists to transfer TDS credits between companies without the deductor's direct intervention in the original tax return.