Form 26QB Correction

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This discussion addresses how to correct errors on a filed Form 26QB, specifically when the amount paid was understated. While a direct correction of the 'Amount Paid' field isn't possible after submission, the process involves filing a correction statement. The 'Processed' status indicates the correction request has been reviewed. For additional tax payments, a new Form 26QB should be filed, but the original form itself cannot be directly edited for monetary amounts once submitted. Minor corrections like PAN numbers might be possible.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)

02 August 2023 Form 26QB on purchase of residential house was filed. There were some errors whicl filing and hence online application for revision was made
The statement has been "Processed"

My question is what are the steps involved for paying additional tax and revise Form 26QB ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

02 August 2023 See the link for correction.
https://learn.quicko.com/traces-form-26qb-correction-dsc-ao-approval

For additional payment file another 26qb.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)

03 August 2023 Yours noted.. thanks for the reply sir

The correction statement says "Processed" and not "Processed with defaults"
In the original Form 26QB filed Amount paid was shown less by Rs.3,000/-. This error was sought to be rectified by using online Correction Request

If i file another Form 26QB what should i write in Amount paid column because TDS is calculated automatically.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

03 August 2023 No need for another form correct the already filed form.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)

03 August 2023 How can i correct originally filed 26QB. where it will be available for correction ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

03 August 2023 Amount correction not possible file another 26qb.
Only you can correct PAN number etc.

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