Mistake in Generation of Form 26QB (TDS on immovable property)

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This query is : Resolved

Quick Summary

If you've made an error on Form 26QB before making the TDS payment, you can simply disregard the incorrect form and generate a new one. No correction is needed on TRACES, and there should be no future issues with the wrongly generated form. This approach is confirmed as a straightforward solution when the TDS payment hasn't yet been processed.

Student

Student (Querist)
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21 September 2022 Sir,
If there is a mistake in Form 26QB (acknowledgement is generated) and it is released before making payment of TDS payment. Is it necessary to correct that mistake through TRACES or simply we can forget this Form 26QB and generate new Form 26QB as payment of TDS is not made. Is there any problem in future for this wrong Form 26QB generated through TIN. Please guide if correction is neccessary through TRACES.
Thanks in advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 September 2022 Simply you can forget this Form 26QB and generate new Form 26QB as payment of TDS is not made.
No problem in future for the wrong form.

Message likes : 1 times

Student

Student (Querist)
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21 September 2022 THANK YOU VERY MUCH SIR FOR YOUR PROMPT REPLY

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