PAN card verification failed

PAN card verification failed

Dear all...
Good day!

Please read carefully and advise me a favorable solution.

The PAN card which I had, unable to pay taxes due to mismatch of DOB, signature name etc. Also it has been cancelled in between Aug- Nov 2017 for some reason. Now I am unable to pay taxes, I have been receiving SMS to pay the incometaxes else in 2019 Rs 10000 penalty etc.

FYI my take home salary is Rs. 492000

Spoke to my employer they advised me to consult an auditor ASAP and get it fixed by myself. How to go about it? I am also planning for small scale or start up business that is asking me TIN number and apply for trader's PAN card etc.

Should I apply for Trader's PAN card or New normal PAN card?
If I opt for normal PAN card can I upgrade to Trader's card later?

Need help.

Asked 6 years ago in Income Tax

If you are not having any Pan currently then how is your employer deducting your TDS?

You will only be required to pay penalty if you have any taxable income. The 10000 penalty message is coming to you so is your Pan still active?

Please get a new Pan card and first check if your any previous Pan card is active?

There is no such thing as traders Pan card I guess there is only one type of Pan card for individual so apply for normal Pan card.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Naman Maloo

CA, Jaipur

4303 Answers

101 Consultations

Talk to Naman Maloo

Hello Naman,

Good after noon! Thanks for the advise.

To answer your question..... every month the Tax from my employer is being deducted but when I tried to file the Income tax, it's failing says, no records found... sometimes, it throws up an error Name DOB mismatch etc.... I an unable to with draw partial PF also. I have not filed income tax for the financial year 2016-17 and 2017-18 because of this. Now this is high time to think about the next step hence sending a query like this.

The query was about Business PAN, should I go for business pan for small business such as selling over Amazon flipkart etc.

Should I apply for a new individual PAN and continue teh same on selling over online stores.

Asked 6 years ago

Dear sir,

You have said that you have cancelled that Pan then how is your employer deducting that TDS and in whose account is it going as your Pan is inactive.

If you think that Pan is still active just apply for correction in Pan of your DOB and get your Pan back. This is the best option right now or apply for new Pan and change your Pan details everywhere like PF and other things.

There is no such thing as business Pan in case of individuals your Pan is only business Pan so go ahead with it.

If you need any further assistance related to income tax feel free to contact me.

Thank you

Naman Maloo

CA, Jaipur

4303 Answers

101 Consultations

Talk to Naman Maloo

Hi,

There is nothing called as business PAN. You need to apply for new PAN in personal capacity. Please do it ASAP. Pls apply in urgent category.

Further, once you get the new PAN ask your employer to revise their TDS returns and include your new PAN so that all the TDS credit is given in the new PAN.