Me State government employee hu mera, Mera pan inoperative short deduction notice Aya,jisme 1.6lakh TDS pay karne ko bola gya hai... July 2024 ko pan adhar card link kara Liya thaa.... kyaa ye mandatory hai ki pay Krna hi kyaa?? Koi solution btawo
@@ajmalhotra12 up, mere case property purchase ka hai, seller ka pan aadhar link nhi tha, maine 1% tds kata hai, mujhe 6.75lac aur tds bharne ka notice aya hai. Notice ane k baad seller ne link kara liya hai but Seller ye tds pay karne ko ready nhi hai jab ki uska itr mei claim ho jayega.
Additionally i have enquired about this issues with many of my connections in income tax dept. Delhi/chennai/mumbai , no one has a common solution, they all have different opinions. But one thing was common in the responses that usually when govt. rolls out a new rule they provide a solution also but in this case they have not provided any solution.
Your question is understood by me as the PAN was inoperative during some period and challan is paid afterwards so would that demand be Nil? Answer to this situation is as the pan was inoperative during that specific period the demand would be at 20% tax rate only. This is already said in this video.
@@catejas so if the seller kept buyer in darkness and seller is not cooperating with the buyer as taken payment in full, there is no respite or relief to the buyer and buyer again has to pay seller 20% TDS which seller can claim in IT returns and again seller won’t cooperate. What a wonderful law? I was asking if there is some relief to the buyer in this damage already done situation?
@@catejas I purchased a property and paid TDS at 1% as seller concealed from me that his pan is not linked to Aadhar. After I paid the TDS , the seller said pan is not linked. By then full payment was done to seller towards the property. I got short deduction notice from TDS IT that I need to pay further 19% TDS amounting to 12.6 lakhs. Seller refused to help. I was told by CA to put correction in TDS challan and change the date to when sellers pan became operational. Will that work? What is the resolution for this as seller is not cooperative though they can pay me back and I can pay the short deduction which they can easily claim as return in new financial year which is round the corner. I was looking for a resolution here
Sir my father has FD of 30 lac rs in Axis bank n Pan was also operative at that time still in 1st quarter of interest pay out thats on 30th june bank deducted 20% TDS on interest. So i complained to the bank and after their internal check, bank officials found that 20% TDS on interest is wrongly deducted. They aslo told me that when i will file IT return i will get that refund. So sir i want to know that in case of 20% TDS cut will i get refund from IT department or bank is liable to pay that refund? Please clarify if possible. Thanks.
Sir, i had deducted 1% tds on 20th sep 2024, i got notice of short deduction on 23rd sep 2024, then i came to know that pan of seller was inoperative however it was linked on 27th sep 2024. What can i do sir, i have made all the payments to seller and seller is not ready to pay for remaining 19% tds. Please help. What should i do.
Hi Sir. If we will reduce the Gross Value by half, add a New Transaction for half of the Gross Amount, then will Additional Late Fee come for adding a New Transaction??
Am also buyer paid 1% TDS amount on 22-nov-2023 i got demand notice for short deduction on 3-dec-2023 to pay 19% due to seller PAN is inoperative. Now as a buyer am really frustrated why this burden for buyer alone. Even though seller not accepting to pay 19% along with interest, Anyway Seller can easily claim amt by filing IT return.
IN CASE OF SECTION 194Q TDS, IF PAN IS INOPERATIVE, TDS RATE WILL BE 5% AND NOT 20%. IF YOU WANT TO SAVE INTEREST AMOUNT, IT IS BETTER FOR YOU TO CHECK IN ADVANCE AS TO WHETHER THE PAN OF THE DEDUCTEE IS OPERATIVE OR INOPERATIVE. FOR THAT YOU MAY REFER TO THIS LINK FOR THE EXPLANATION. th-cam.com/video/7bAkHSJoFuQ/w-d-xo.html
Sir, we have received demand of PAN Inoperative notice agst Q3 File. but after linked pan aadhar of employees then we filed Revised Q3 Return but after that also received notice & when i login on traces error not yet removed demand shows in inbox. what we do. we have also sent mail to tdscpc with pan aadhar linked screenshot. but when error is removed & demand is show NIL. Because i want to file Q4 TDS Return also. plz update.
Please sir guide me in case of TDS Correction in RPU Version 5.1 for 24Q for Q-4 in Annexure II occurred some error ljke column no.62 Travel concession should not be blank which is blank in earlier original return and correction during creation of form 27A If we in update mode make Delete deductee details and Add new in case of TDS Correction then this error occurred
Sir marginal relief to bahut azzeb h 7 lakh k uper jitni income h man lijiyega 1000 extra h to bus 1000 per tax dedenge ??? 7,01,000 per new tax main STCG main 36,556 ka tax bn raha tha ab sirf marginal relief k karan 1000 extra denge or 4 % cess please 🙏 doubt clear Krna sirji😊
CBDT Grants Relief to Taxpayers on Short TDS Due to Inactive PAN upto 31 march 2024 . How to file correction if already higher rate collected and paid without interest
I think you are saying about circular number 6 of 23rd of April 2024. That circular says that if the Aadhar and PAN are leaked by 31st of May 2024 then deduction or collection rates upto 31st March of 2024 would be at normal rates instead of the rates specified under section 206AA and 206CC.
Sir For salary how we can revise in same situation inoperative pan?
SIR CAN WE REMOVE THE TDS ENTRIES OF INOPERATIVE PAN TO REDUCE THE DEMAND THAT WE HAD ENTERED IN QTR 2
Remove tabhi karna chahiye jab galti se entry ho gaya ho.
Wah sir tame to problems solve kari ... Hu pan
👍
Me State government employee hu mera, Mera pan inoperative short deduction notice Aya,jisme 1.6lakh TDS pay karne ko bola gya hai... July 2024 ko pan adhar card link kara Liya thaa.... kyaa ye mandatory hai ki pay Krna hi kyaa?? Koi solution btawo
Sir, i have same problem. Apko koi solution mila kya ?
@@SunilYadav-vw2whtum kis state Ho Ho..me Up se hu
@@ajmalhotra12 up, mere case property purchase ka hai, seller ka pan aadhar link nhi tha, maine 1% tds kata hai, mujhe 6.75lac aur tds bharne ka notice aya hai. Notice ane k baad seller ne link kara liya hai but Seller ye tds pay karne ko ready nhi hai jab ki uska itr mei claim ho jayega.
Additionally i have enquired about this issues with many of my connections in income tax dept. Delhi/chennai/mumbai , no one has a common solution, they all have different opinions. But one thing was common in the responses that usually when govt. rolls out a new rule they provide a solution also but in this case they have not provided any solution.
Sir TDS return revise karne ki last date hota h kya?
No
Will the TDS challan correction with dates nullify the demand raised due to sellers pan being inoperative during the TDS payment date?
Your question is understood by me as the PAN was inoperative during some period and challan is paid afterwards so would that demand be Nil?
Answer to this situation is as the pan was inoperative during that specific period the demand would be at 20% tax rate only. This is already said in this video.
@@catejas so if the seller kept buyer in darkness and seller is not cooperating with the buyer as taken payment in full, there is no respite or relief to the buyer and buyer again has to pay seller 20% TDS which seller can claim in IT returns and again seller won’t cooperate.
What a wonderful law? I was asking if there is some relief to the buyer in this damage already done situation?
@@dsouzashodan72 Actually I cannot understand your question as to what you are asking.
@@catejas I purchased a property and paid TDS at 1% as seller concealed from me that his pan is not linked to Aadhar. After I paid the TDS , the seller said pan is not linked. By then full payment was done to seller towards the property. I got short deduction notice from TDS IT that I need to pay further 19% TDS amounting to 12.6 lakhs. Seller refused to help.
I was told by CA to put correction in TDS challan and change the date to when sellers pan became operational. Will that work? What is the resolution for this as seller is not cooperative though they can pay me back and I can pay the short deduction which they can easily claim as return in new financial year which is round the corner. I was looking for a resolution here
Sir what is the solution for this
Sir pan inoperative ki Varese kata hua tds itr me refund hota kya
yes
Sir my father has FD of 30 lac rs in Axis bank n Pan was also operative at that time still in 1st quarter of interest pay out thats on 30th june bank deducted 20% TDS on interest. So i complained to the bank and after their internal check, bank officials found that 20% TDS on interest is wrongly deducted. They aslo told me that when i will file IT return i will get that refund. So sir i want to know that in case of 20% TDS cut will i get refund from IT department or bank is liable to pay that refund? Please clarify if possible. Thanks.
TDS credit of whatever rate 10% or 20% would be available in Form 26AS
Very Nice.
Thank you
Sir, i had deducted 1% tds on 20th sep 2024, i got notice of short deduction on 23rd sep 2024, then i came to know that pan of seller was inoperative however it was linked on 27th sep 2024. What can i do sir, i have made all the payments to seller and seller is not ready to pay for remaining 19% tds. Please help. What should i do.
Hi
Same problem bro how to deal with this please guide me
Me also having same problem 😢😢
Plz guide us sir
Atleat tell us if we can file a grievance for this. Income tax efilling portal doesn't have FY 2024-25 available in grievance tab.
Sir, 1lac demand ayi h due to inoperative pan agr hum use submit krde toh itr se hume vo 1 lac vapas mil jayenge ?
Bro I am also facing the same issue have you spoke to any editor as mine also more than 1Lac will it be refundable?
Same mere pass bhi Aya hai... kya tumne ammount pay kar Diya??
@@ajmalhotra12 is your issue solved ? I have same issue.
@@SunilYadav-vw2wh Bhai mere father ka tha...toh unhone aaj jama kar Diya Aaj...
Bhai paisa katt lia h tds short deduction likh ke @@ajmalhotra12
Hi Sir.
If we will reduce the Gross Value by half, add a New Transaction for half of the Gross Amount, then will Additional Late Fee come for adding a New Transaction??
Additional Late fees can be levied, if original late fees was restricted to the TDS amount.
Am also buyer paid 1% TDS amount on 22-nov-2023 i got demand notice for short deduction on 3-dec-2023 to pay 19% due to seller PAN is inoperative. Now as a buyer am really frustrated why this burden for buyer alone. Even though seller not accepting to pay 19% along with interest, Anyway Seller can easily claim amt by filing IT return.
IN CASE OF SECTION 194Q TDS, IF PAN IS INOPERATIVE, TDS RATE WILL BE 5% AND NOT 20%. IF YOU WANT TO SAVE INTEREST AMOUNT, IT IS BETTER FOR YOU TO CHECK IN ADVANCE AS TO WHETHER THE PAN OF THE DEDUCTEE IS OPERATIVE OR INOPERATIVE. FOR THAT YOU MAY REFER TO THIS LINK FOR THE EXPLANATION. th-cam.com/video/7bAkHSJoFuQ/w-d-xo.html
Sir, we have received demand of PAN Inoperative notice agst Q3 File. but after linked pan aadhar of employees then we filed Revised Q3 Return but after that also received notice & when i login on traces error not yet removed demand shows in inbox. what we do. we have also sent mail to tdscpc with pan aadhar linked screenshot. but when error is removed & demand is show NIL. Because i want to file Q4 TDS Return also. plz update.
we are also having the same issue, Demand is not yet nullifying. Kindly advise.
Please sir guide me in case of TDS Correction in RPU Version 5.1 for 24Q for Q-4 in Annexure II occurred some error ljke column no.62 Travel concession should not be blank which is blank in earlier original return and correction during creation of form 27A
If we in update mode make Delete deductee details and Add new in case of TDS Correction then this error occurred
REGARDING RPU RELATED ERRORS, PLS CONTACT TO NSDL
thank u sir
You're welcome!
Sir marginal relief to bahut azzeb h 7 lakh k uper jitni income h man lijiyega 1000 extra h to bus 1000 per tax dedenge ??? 7,01,000 per new tax main STCG main 36,556 ka tax bn raha tha ab sirf marginal relief k karan 1000 extra denge or 4 % cess please 🙏 doubt clear Krna sirji😊
Answer is in this video th-cam.com/video/owz0OTd7sak/w-d-xo.html
@@catejas Answer milgya thank you so much
@@catejas powerful video 👍 per ye adjustment ka option kaha aaya h sir site m usper koi video ho jaha live adjust Kiya ho to btaiyega
CBDT Grants Relief to Taxpayers on Short TDS Due to Inactive PAN upto 31 march 2024 . How to file correction if already higher rate collected and paid without interest
I think you are saying about circular number 6 of 23rd of April 2024. That circular says that if the Aadhar and PAN are leaked by 31st of May 2024 then deduction or collection rates upto 31st March of 2024 would be at normal rates instead of the rates specified under section 206AA and 206CC.
@@catejas yes how to file correction and clear the interest /levy demand notice
Please sir help me aaj hi receive huwa hai
awesome
Thank you Chintanbhai.
Short deduction generated huwa mujhe
Short deduction ka
Hello sir pls reply