Inform your PAN to the deductor or face consequences - CBDT
Are you getting salary or any other payment and is Tax deducted at source for you? Have you informed your PAN to your deductor? If not, do it immediately or face penal action under the Income Tax Act.
The CBDT in a release has stated that TDS returns from the employers and other deductors will not be accepted for the quarter ending on 30.9.2007 and thereafter, if the TDS return for salaries does not have at least 90% PAN data. TDS returns for payments other than salaries should have at least 70% PAN data.
As the requirement of filing copies of TDS certificates with the Income Tax returns has been done away with, in the absence of PAN details, the Department is not able to give TDS credit.
No more paper returns
CBDT reiterates that filing of filing of TDS / TCS returns in electronic form is mandatory for
1. government offices and companies,
2. deductor / collector required to get his accounts audited under section 44AB of the Income-tax Act in the immediately preceding financial year, and
3. where the number of deductees/collectees records in a quarterly statement for any quarter of the immediately preceding financial year is equal to more than fifty.
Returns in paper form will no longer be accepted from such tax deductors / collectors.