Form 26QC_TDS paid at 5%

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A taxpayer paid TDS at 5% on a residential property transaction exceeding £50,000, but the generated TDS certificate (Form 16C) incorrectly reflects a 2% rate. The user is seeking advice on whether Form 16C can be issued at the higher 5% rate paid, or if the excess amount paid can be claimed as a refund. The response suggests that generating the certificate at 5% is not possible and advises pursuing a refund for the excess TDS.

Dipen

Dipen (Querist)
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14 April 2025 Dear Experts,

TDS on residential property exceeding 50,000/- has been paid vide challan 26QC at 5% on 31.03.2025

However TDS certificate (Form 16C) is getting generated at 2% since the rate is 2%. However TDS is excess paid and should get generated at 5% since paid higher than required. This is the case in other TDS compliances (other than rent exceeding 50,000)

Please advice if we can generate Form 16C at 5%?

Regards,