Can we transfer TDS from one PAN to another?

Tax deducted at source (TDS) credit can now be availed by persons other than the deductees. The credit for TDS will be allowed to persons other than the deductees only in cases where the relevant income is assessable to income tax in the hands of such other person.

Can we have 2 PAN cards?

It’s illegal for a person or company to have more than one PAN Number. If caught, Income Tax Department can take a legal action or put financial penalty. Person may get two PAN numbers owing to many reasons such as: Instead, they should get the last name changed on their existing PAN.

How do I claim my old TDS refund?

You can claim your TDS refund by following the steps mentioned below:

1. Step 1: File your income tax returns in the case where your employer has deducted extra amount over your actual tax liability under the head of TDS.
2. Step 2: Fill in the required fields with the name of your bank, your bank account number, and IFSC.

How do I claim TDS deducted from another person?

You just need to visit the income tax portal and login to download the relevant form for an income tax refund. Enter all the particulars and submit the form. If the employer has deducted tax when you are not eligible for it, you can claim the amount by filing income tax returns (ITR).

Can we deposit TDS without tan?

The buyer of any immovable property need not obtain a TAN (Tax Deduction Account Number) for making payment of the TDS on immovable property. You can make the payment using your PAN.

How do I replace my old PAN card with a new one?

You can follow these steps and get a new PAN card with the old PAN card.

1. Visit www.tin-nsdl.com/index.html.
2. Select ‘PAN’ from under the ‘Services’ tab.
3. Click on ‘Apply’ under ‘Reprint of PAN Card’
4. Fill in the details and click on ‘Submit’
5. Next, follow the instructions in the corresponding screens.

How can I deactivate my old PAN card?

The PAN card can be surrendered online by visiting the NSDL TIN website and filling out form 49A. Select the category from the drop down list and proceed with filling the form online. Enter the PAN number to be cancelled in item 11 of the form.

Can TDS be claimed after 2 years?

Basically, credit of TDS on any income can be claimed only in the FY in which the income is actually earned and not in the year in which it is has been received. Any advance payment made to you during the year on which TDS has been deducted will not be allowed to be claimed as TDS credit in that year.

Can we carry forward TDS?

If Deductee has cash basis of accounting and Deductor has Mercantile basis of accounting and if Deductor has credited some amount to deductee but deductee actually have not received the payment then Deductee has to C/F the TDS and claim it in the next AY where the remaining amount is actually received.

How to add TDs to the amount in old Pan?

The only option is to put zero for the amount and TDS column in old PAN and Add a new entry and show the amounts in New PAN. Will there be a problem while revising like this.

How can I Check my TDs online?

The file which is password protected can be opened by the Date of Birth as per the PAN card Apart from knowing TDS status through PAN and Form 26AS, one can also view their TDS online by using the net banking portal. However, for that, the PAN has to be linked to the net banking portal.

What is a TDS return?

TDS Return is a quarterly statement which is needed to be submitted to the Income Tax Department. TDS returns include details of the deductor (s) Permanent Account Number (PAN), particulars of the tax paid to the government, information regarding the TDS challan among other details as required in the forms that are to be submitted.

How to check TDs credit using form 26as?

In a bid to check TDS credit using Form26AS, one needs to follow the steps mentioned below: Apart from knowing TDS status through PAN and Form 26AS, one can also view their TDS online by using the net banking portal. However, for that, the PAN has to be linked to the net banking portal.