For proper credit of tax deposited, TDS, TCS and to avoid penalty for wrong PAN be patient, alert and careful while writing PAN

For proper credit of tax deposited, TDS, TCS and to avoid penalty for wrong PAN be patient, alert and careful while writing PAN https://www.taxtmi.com/article/detailed?id=188 The statute mandates correct quoting and intimation of Permanent Account Number in returns, challans, specified transaction documents and in correspondence with tax authorities; Assessing Officers and the Board may prescribe further classes of persons and documents, and the General Index Register number may be used until PAN is allotted. Failure to obtain, intimate, quote or ensure quoting of a correct PAN, or knowingly quoting a false PAN, may attract a discretionary penalty, though an opportunity of hearing and a defence of reasonable cause are available. Incorrect PANs can prevent TDS/TCS credit and disrupt electronic tax records. en-us Mon, 06 Oct 2008 00:00:00 +0530 Sat, 11 Oct 2008 00:07:00 +0530 TaxTMI RSS Generator For proper credit of tax deposited, TDS, TCS and to avoid penalty for wrong PAN be patient, alert and careful while writing PAN https://www.taxtmi.com/article/detailed?id=188 The statute mandates correct quoting and intimation of Permanent Account Number in returns, challans, specified transaction documents and in correspondence with tax authorities; Assessing Officers and the Board may prescribe further classes of persons and documents, and the General Index Register number may be used until PAN is allotted. Failure to obtain, intimate, quote or ensure quoting of a correct PAN, or knowingly quoting a false PAN, may attract a discretionary penalty, though an opportunity of hearing and a defence of reasonable cause are available. Incorrect PANs can prevent TDS/TCS credit and disrupt electronic tax records. Articles Income Tax Mon, 06 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=188