How to correct Form 26QB

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Discussion is about incorrect filing of Form 26QB where full property value and TDS were shown under one seller instead of four co-owners. Clarification: one challan cannot be split. Correct approach is to revise seller-wise allocation via TRACES, file separate 26QB for others, and claim refund for excess TDS.

Suraj

Suraj (Querist)

13 March 2026 My query is as follows:

There are four sellers A, B, C, and D, and only one buyer, i.e., X.

The sale agreement was entered into on 11th September 2025. He filed Form 26QB and paid TDS on 18th February 2026. He paid the entire TDS in one challan only.

However, he showed the entire sales value of Rs. 1.80 crore and TDS of Rs 1.80 lakhs in the name of A only.

How can this Form 26QB be corrected?

Do we need to correct this form for Rs. 45 lakhs and then file three separate Form 26QB? Can we divide a single paid challan into the remaining three parties?

Please guide how it can be corrected?

Regards,
Suraj

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

13 March 2026 You cannot split one Form 26QB challan across multiple sellers. You must use the TRACES portal to amend Seller A's existing form down to their exact Rs. 45 Lakh share. For the remaining sellers (B, C, and D), you must file three brand new Form 26QBs with fresh payments, and then apply for a TDS refund (via Form 26B) to recover the unconsumed Rs. 1.35 Lakhs from the original overpaid challan.

Message likes : 1 times

Suraj

Suraj (Querist)

20 March 2026 Thank You Aashok Ji for your help!!!!

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