TDS- Inter head transfers
This query is : Resolved
09 May 2025
We have paid TDS on Sale of Property (800) for the F.Y.2025-26, under section 194-IA (Form 26QB), Corporation Tax (0020) From XYZ Pvt.Ltd, having PAN vide NO: AXXXXXXXXB who is a buyer, Challan Amount Rs.3,08,022/- Challan Date 05/05/2025. Challan paid to the sellors ie. PQR Pvt.Ltd’s PAN. But lator on, XYZ Pvt.Ltd realized that it need not to pay that amount, however, XYZ Pvt.Ltd also depositing every month TDS amount, hence, now can the XYZ Pvt.Ltd transfer such amount to its TAN number from the Seller’s PAN ie. Buyers PAN.
CA R SEETHARAMAN
(Expert)
10 May 2025
Not possible. Apply for refund see the link.
https://taxguru.in/income-tax/e-tutorial-request-26qb-refund.html
https://taxguru.in/income-tax/e-tutorial-request-26qb-refund.html
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