While filing quarterly TDS electronic returns, department has specified that atleast 70% of the cases PAN is mandatory. Otherwise department is not accepting the returns. This circular was issued on 30.09.2007. Is there any exemption for the quarter ending 30.09.2007 ?
Filing quarterly TDS electronic returns - 70% Pan is mandatory
Guest
Tax Department Requires 70% PAN Inclusion in Quarterly TDS Returns; No Exemptions for 30.09.2007 Quarter A discussion on filing quarterly TDS electronic returns highlights a requirement by the tax department that at least 70% of cases include a PAN, effective from a circular issued on 30.09.2007. A query was raised about possible exemptions for the quarter ending 30.09.2007. The response clarifies there are no exemptions or extensions for this requirement. To mitigate penalties for non-compliance, it is suggested to file the return with available PAN details and submit a correction return later. No specific time limit is set for filing correction returns, and a separate data structure is required. (AI Summary)