Remittance of tds under wrong section
This query is : Resolved
09 January 2016
Dear Sir/Madam,
Is there any remedy for TDS on purchase of property which was ought to be remitted u/s 194IA by form 26QB, has been remitted u/s 194C by mistake.
Is there any remedy for TDS on purchase of property which was ought to be remitted u/s 194IA by form 26QB, has been remitted u/s 194C by mistake.
10 January 2016
As per my view, the two TDS payments are ultimately variable each other. Under TDS paid in 194IA there is no need to have TAN and no possibility to file ETDS return. TDS challan to be paid with both PAN of payer and payee. But under 194C, there should be a active TAN and ETDS return to be filed to give credit to the related PAN. But you may consult your Jurisdictional AO immediately.
01 February 2016
No, there is no option, and more over payments is made based on TAN, for 26 QB you need not deduct challan 281 it is. Remitted by buyer PAN by quoting seller PAN .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- TAX AUDIT QUESTION
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Banking Related Issue
- Average Cost Of High Quality Diamonds
- ITR-3 File/Error Found
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
