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Rectification of Challan cum Return form 26QB u/s 194-IA

Dear Sir,

We had deposited TDS u/s 194IA vide Form 26QB. In the said form the details of the Buyer (Transferee) & Seller (Transferor) got wrongly interchanged. Say, Actually the Seller Name is “ABC” and Buyer Name is “XYZ”. But now due to wrong data entry, 'ABC' is wrongly appearing as 'Buyer' and 'XYZ' is wrongly appearing as 'Seller'. So also, now TDS amount is reflecting in Buyer's 26AS, instead of showing in Seller's 26AS (whose TDS was deducted and he is to be given credit).

We have contacted our Assessing Officer, Income Tax Officer (TDS) and NSDL, but they have shown their inability to correct the same. We have also contacted ASK (Aaykar Seva Kendra), TRACES and DGIT(Systems) by numerous emails. But no reply has been received from them.

Now, our query to you is that what action should now be taken by us in the present conditions, keeping in view that there is no online correction mechanism to rectify the form 26QB.

 

 

Dear Prem,

There is no online mechanism to rectify the same mistake. Also Banks are also not authorised to make any change in the challans which have been deposited by the user online. Only your AO can make this change in the challan as per the new challan correction mechanism. You have to contact AO who is authorized under the departmental OLTAS application to make such correction. Further writting mails will not serve the purpose as you are dealing with goverment department. Please contact your AO in person with a copy of this order of CBDT. Here is the copy of official order.

http://www.incometaxindia.gov.in/Documents/challan-correction-mechanism-26082011.htm

For your reference below is the copy of order by CBDT regarding procedure for challan correction. 
 

New Challan Correction Mechanism w.e.f. 1^st September 2011

 

For Physical Challans

 

Upto 31.08.2011, the banks were permitted to correct data of challan relating to three fields only i.e. amount, major head code and name.  To remedy this situation, a new challan correction mechanism for physical challans is being put in place w.e.f. 01.09.2011 as follows:

 

 

S.No.	Fields which can be corrected by Banks	Time limit for filing application by taxpayer	Time limit for correction by Banks
1	Assessment Year	7 Days from date of depositing the challan	7 Days from date of receipt of correction request from the taxpayer
2	TAN/PAN
3	Total Amount
4	Nature of Payment (TDS Codes)	3 Months from date of depositing the challan
5	Major Head Code
6	Minor Head Code

 

Restrictions put by Income Tax Department on Banks for making corrections:

1. Correction in Name is not permitted.
2. PAN/TAN correction will be allowed only when the name in the challan matches with the name as per the new PAN/TAN.
3. Any combination of correction of Minor Head and Assessment Year together is not allowed.
4. The change of amount will be permitted only on the condition that the amount so corrected is not different from the amount actually received by the bank and credited to Govt. Account.
5. For a single challan, correction is allowed only once. However, where 1^st correction request is made only for amount, a 2nd correction request will be allowed for correction in other fields.
6. There will be no partial acceptance of change correction request, i.e. either all the requested changes will be allowed, if they pass the validation, or no change will be allowed, if any one of the requested changes fails the validation test.

 

Key points to be remembered by taxpayer while submitting application for correction to Bank.

1. The tax-payer has to submit the request form for correction (in duplicate) to the concerned bank branch.
2. The tax-payer has to attach copy of original challan counterfoil.
3. In case of correction desired for challans in Form 280, 282, 283, the copy of PAN card is required to be attached.
4. In case of correction desired for payments made by a tax-payer (other than an individual), the original authorization with seal of the non-individual taxpayer is required to be attached with the request form.
5. A separate request form is to be submitted for each challan.

 

Note: For any kind of other changes (or for above changes after the time period available to banks for challan correction) the assessee can make a request for correction to his or her assessing officer, who is authorized under the departmental OLTAS application to make such correction in challan data in bonafide cases, to enable credit of the taxes paid, to the concerned assessee.

 

For Online Challans (e-challans)

 

For any change in online challans the assessee can make a request for correction to his or her assessing officer only, who is authorized under the departmental OLTAS application to make such correction in challan data in bonafide cases, to enable credit of the taxes paid, to the concerned assessee.

In case of online challans Banks are not authorised to make any changes.

 

I have by mistake mentioned the wrong payment/credit date and tax deduction date. Is there any way I can have this corrected online. Also the Pincode of the propoert transferred is wromgly mentioned. Please guide me on the correction process.

I contacted the AO for a similar issue wherein I had made an error while depositing the TDS due to mistake in 26QB

The AO says he has no powers to tamper with the Seller's (read Builder's) TDS account and suggested that the Seller's AO should first 'release' - whatever that means, the sum wrongly credited to their account and put it in suspense. Once this is done only then can he credit the sum to my account.

The Seller's Accounts department has no clue on the process and to expect them to move their AO, who again would possibly be ignorant of the process, means running around in circles

Who is the correct organisation and person who would be responsible to make a process for such corrections? Let us at least put in a representation to him/her?

 

I have submitted form 26QB, which was joint property and seller took payment in one person and buyer deducted the tds on that payment to that one person on the request of seller, now after 6 month seller wish to correct TDS 1/2 & 1/2 of both holder of property , how can this be possible? will the buyer not suffer on short deduction of one person as payment goes in hand of one person only ? Kindly advice.

Thanks in advance.

Dear Mr. Khandelwal,

Yes, you are right. This is not possible. Since the payment has been made to a single person, therefore TDS can be deducted and deposited against his Name & PAN only. In case of any deviation, buyer will face the consequences for short deduction of TDS.

Please ask the seller to make adjustment at their end only.

Kind Regards
TaxReply.com

We had purchased one flat in gurgaon which had 02 seller and one buyer.

At the time of filling the TDS more the one seller was ticked but the PAN number was of only one Seller and complete TDS amount was deposited in single challan . Now Seller has contacted us to get it amended in 02 sellers . 

Is it possible to do so online ?

We had purchased one flat in gurgaon which had 02 seller and one buyer.

At the time of filling the TDS more the one seller was ticked but the PAN number was of only one Seller and complete TDS amount was deposited in single challan . Now Seller has contacted us to get it amended in 02 sellers . 

Is it possible to do so online ?

We had purchased one flat in gurgaon which had 02 seller and one buyer.

At the time of filling the TDS more the one seller was ticked but the PAN number was of only one Seller and complete TDS amount was deposited in single challan . Now Seller has contacted us to get it amended in 02 sellers . 

Is it possible to do so online ?

We had purchased one flat in gurgaon which had 02 seller and one buyer.

At the time of filling the TDS more the one seller was ticked but the PAN number was of only one Seller and complete TDS amount was deposited in single challan . Now Seller has contacted us to get it amended in 02 sellers . 

Is it possible to do so online ?

We had purchased one flat in gurgaon which had 02 seller and one buyer.

At the time of filling the TDS more the one seller was ticked but the PAN number was of only one Seller and complete TDS amount was deposited in single challan . Now Seller has contacted us to get it amended in 02 sellers . 

Is it possible to do so online ?

We had purchased one flat in gurgaon which had 02 seller and one buyer.

At the time of filling the TDS more the one seller was ticked but the PAN number was of only one Seller and complete TDS amount was deposited in single challan . Now Seller has contacted us to get it amended in 02 sellers . 

Is it possible to do so online ?

We had purchased one flat in gurgaon which had 02 seller and one buyer.

At the time of filling the TDS more the one seller was ticked but the PAN number was of only one Seller and complete TDS amount was deposited in single challan . Now Seller has contacted us to get it amended in 02 sellers . 

Is it possible to do so online ?

We had purchased one flat in gurgaon which had 02 seller and one buyer.

At the time of filling the TDS more the one seller was ticked but the PAN number was of only one Seller and complete TDS amount was deposited in single challan . Now Seller has contacted us to get it amended in 02 sellers . 

Is it possible to do so online ?

My client sold property for 1.77cr.She was nri  there was confusion for tds 1% or 20% though she had pan.The view were diversed.She played safe and deducted 20%.

We hold copy on online payment and 26Qb.Surprisingly the credit was given in 26As and reversed and 1% amount credited. OLTAS confirms money is paid to revenue. How can you reverse an payment.

I understand  entry goes to traces straight from payment. If it is rev ersed credit should go back to deductor.

Is there a seperate office who deals with 26qb.

Amount too big and why this is happening.

 

Sir,

On request of NRI Seller, I have deducted and paid 20% tds under form 26QB instead of form27Q. By default system has generated 1% TDS in form 26AS. Is there any online fecility to correct the challan.

 

Subhadra

Sir,

On request of NRI Seller, I have deducted and paid 20% tds under form 26QB instead of form27Q due to lack of awareness in IT sections, By default system has generated 1% TDS in form 26AS. Is there any online fecility to correct the challan.

 

Subhadra

can i download justification report of 26QB ? however

Sir, 

We had purchased flat in Raipur which had one seller and two buyers. At the time of filling the TDS more than one buyer was ticked but complete TDS  amount was deposited in single challan. 

Is there any online facility to correct the challan?

hi ,

i made form 26QB correction online(for date of payment) and sumbitted the proof and documents also and received the ASK(aaykaar sewa kendra ) no from income tax office  on 02 june but still the status shows pending AO approval .how much time it generally takes . do i still need to be worried about it as i have already given the documents and have reciept of that and action is  now on on AO.

How can I get payment date corrected? In the payment date instead of filling year as 2015 , I filled 2014.

To day I have pay Property Tax through Central Bank of India Net Banking, but one mistake in 26qb Challan. I have mention Purchase Property Address wrongly, now i fill correct address in 26qb forms. Please help me.

Sir,

I (Buyer) am deducted TDS @1% on Property from 11 Nos Sellers and each seller TDS amount are same. we are Generate online challan 26QB (11 Nos.) and print the Originals and Duplicates (Office Copy), And prepare 11 Nos. SAME AMOUNT CHEQUE.

BUT AT THE TIME OF DEPOSIT TO BANK, 6 Nos. original challan and same seller duplicate challan 5 Nos. WRONGLY deposit to bank. Now my (Buyer) 26AS show 6 Nos. Correct pan against Original challan 26QB and 5 Nos. same seller duplicates challan show 26AS Buyer  Pan.

Please help for correction 5 Nos. same seller Duplicate Challan

 

sanjoy das

M-9830535578

While doing payment of TDS U/s 94IA, I have filled Form 26QB and make the payment correctly. Challan also generated correctly, but we have not taken copy of 26QB. Now, we require the filled copy of Form 26QB, how we can get it.

 

I had purchased one land at Naihati, Kolkata which had 06 seller and one buyer.

At the time of filling the TDS more the one seller was ticked but the PAN number was of only one Seller and complete TDS amount was deposited in single challan . Now Seller has contacted us to get it amended in 06 sellers . 

Is it possible to do so online ?

I am a buyer of property and made second payment of tds (26qb), but not sure how come the complete buyer details is showing as seller and via - versa including pan number address. What to do to correct this ?

I have entered the TDS amount wrongly. How can rectify the same?

After demise of father , All the siblings and my mother sold the old house to one of the buyer.In absence of any Will , all have done the registry . But the buyer has deposied the all the TDS amount in my mother PAN.
Please suggest how 26QB can be corrected by the buyer.

Sir,I have filed 26qb correctly but while making payment on Challan I have to make payment in tax but by mistake I made it in fee26QB.how can I get it rectified??kindly guide me...

Sir, We sold our flat which was in joint name of myself & sister, the buyer correctly paid 50% to both of us but when he deducted TDS @1% he has deposited the full tds in my account instead of depositing 50% in my sister account. How both of us should claim TDS refund in ITR 3 for A.Y 2022-23.

Thanks

Hi Team,
I had raised a correction request for form26QB but due to the date error in the request I asked the AO to reject the request. Now can I file a new request with DSC so that it can be auto-approved?
The changes are in the date of payment and financial year.

Hi Team,
I had raised a correction request for form26QB but due to the date error in the request I asked the AO to reject the request. Now can I file a new request with DSC so that it can be auto-approved?
The changes are in the date of payment and financial year.

I have wrongly entered PAN card of individual seller builder in form 26QB instead of PAN card of Firm of Builder and made payment for the same.
Now How can I rectify the same?
Kindly guide me on this.

I have wrongly entered PAN card of individual seller builder in form 26QB instead of PAN card of Firm of Builder and made payment for the same.
Now How can I rectify the same?
Kindly guide me on this.

I have booked a flat in joint name with my wife. The full booking amount of Rs. 10 lakh is paid from my account (nil payment from wife account so far - she will make payment from her account when the next installment is due).
I have deposited the TDS online but in the Challan 26QB, by mistake I filled "No" under "Whether more than one Transferee/Buyer" and filled only my PAN and other details.
Kindly advise if the 26QB is to be altered/corrected to include my wife details, because the next installment will be made from wife's bank account. Thanks in advance.

I have filed the 26QB also TDS Payment, Mr. A is the Buyer B and C is the Seller, I have filed the 26QB in Mr. A Income Tax Login Instead of B and C i have file for Mr. B only twice. Mr. C is not got any credit Mr. B got twice credits.

Now I want rectify same. Please help me

sir, Client has registered the property for Rs.46,79,000/- on 11.01.23, while depositing the TDS u/s 194IA, the buyer has shown the sale consideration as 70,00,000/- and deposited Rs. 70,000/- as TDS, But actual TDS works out to Rs, 46,790/-.
Now the 26AS is showing sale consideration as 70,00,000/- and TDS at 1% Rs. 70,000/- for A.Y 23-24.
Pl suggest how to rectify the sale consideration from 70,00,000/- to Rs.46,79,00/- in 26QB let the TDS remain Rs.70,000/-, the client can claim refund of Rs.70,000/-
Approached the I.T. Dept I was informed to do the "correction of TDS" return submitted.
How to proceed, should we to go to the A.O. or proceed online correction thru TRACES. Advice is highly appreciable as the due date for filling return of income is 31st July 2023, just some days left. Kind co-operation is appreciable at earliest, Oblige sir.

At the Time of Filling Form 26QB, only one seller was known; thus, Challan and form 26QB paid and filed in One PAN only. Now, the Seller says the property is co owned by him and requests to amend form 26QB and provide Form 16B to both Sellers (co-owners) with equal amount. Can such amendment be made?

Sir, Instead of paying TDS using Form 26QC, I have paid TDS on challan No.280 and filed Form 26Q. Traces processed default assessment and created demand for charging TDS rate @10% instead of 5% under section 194IB. What is the remedy to delete the demand.

Hi,
I have paid tds challan for 26qb form in offline mode from bank through RTGS. Pls let me know how to get the challan details as in itr account login i could not find it. How much time it takes to update the challan details.

We are buyer myself & wife for a flat of rs 60 lac.sharing 50:50.In 26QB property value of each buyers should be mentioned as 30 lac or 60 lac.pl guide me

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