Tds deducted ion consideration of 1.5 cr whereas circle rate is higher. How to correct 26QB
This query is : Resolved
21 April 2023
Assessed purchased a property for RS 1,50,00,000 circle rate 1,65,00,000
There are 5 sellers and 1 buyer
Tds deducted on five sellers individually showing purchase price 30 lacs each and TDS of rs 30000 on each seller
The registrar has objected that TDS was to be deducted on 1.65 Cr which is correct
What is the remedy to correct/revise 26 QB and deposit additional TDS of 15000(3000 each for 5 sellers)
There are 5 sellers and 1 buyer
Tds deducted on five sellers individually showing purchase price 30 lacs each and TDS of rs 30000 on each seller
The registrar has objected that TDS was to be deducted on 1.65 Cr which is correct
What is the remedy to correct/revise 26 QB and deposit additional TDS of 15000(3000 each for 5 sellers)
CA R SEETHARAMAN
(Expert)
21 April 2023
Pay through new 5 challan.
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