| Question And Answer | |
|---|---|
| Subject: | PAN omitted to be submitted to Company. Is it possible to set off the TDS at the time of filing my Income tax Return? |
| Category: | Income-Tax |
| Querist: | N K Sankar |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | credit for TDS, Dividend, PAN, Tax deducted at source |
| Date: | October 20, 2021 |
A public limited company has deducted tax at source on Dividend @15% for non submission of PAN. I have a PAN but it was omitted to be submitted to the Company. Is it possible to set off the TDS at the time of filing my Income tax Return? Do I Have to include the Dividend amount in my Return.
As we understand, a higher rate of TDS has been deducted on non-filing of PAN.
The deductee will be eligible to the credit of the TDS deducted in their return and cannot be denied the same. Further, yes, Dividend income should be included in the return of Income.
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