UTN - Tds deducted without pan nos

[Rahul Bagaria]

As per new CBDT circular 'UTN' needs to be provided for FY 2008-2009 in all the cases.While deducting TDS we did not had PAN numbers in few cases.Also there were some reversals at individual vendor level which we adjusted in totality.Please suggest how should we approach way forward.

AI Summary

Discussion on TDS Deduction Without PAN for 2008-2009: CBDT Circular and UTN Explained, Solutions for Errors Provided. A participant raised a query regarding the deduction of TDS without PAN numbers for the fiscal year 2008-2009, as per a new CBDT circular requiring a UTN. They faced issues with reversals at the vendor level. One response suggested that once TDS is deposited, a TDS certificate should be issued for the deductee to claim benefits. Another response explained that UTN allows deductees without PAN to benefit from TDS in the future. A third response addressed handling errors in TDS deductions, suggesting adjustments in subsequent quarters if invoices are reversed, and no TDS certificate is issued in such cases.