TDS ON SALE OF PROPERTY PAN CORRECTION


This query is : Resolved 

Quick Summary
If a buyer mistakenly enters their own PAN instead of the seller's PAN on Form 26QB for TDS deduction under Section 194 IA, there is a solution. The form can be corrected within the specified time limit by following the official procedure. This ensures the TDS is correctly reported for the property sale.

14 June 2023 What is the solution if buyer wrongly feed PAN of his own in place of PAN of seller in Tax chalaan.

14 June 2023 Whether TDS been deducted u/s. 194 IA?

14 June 2023 Refer: https://taxguru.in/income-tax/procedure-online-correction-form-26qb-traces.html

14 June 2023 Yes TDS under section 194 IA

14 June 2023 Form 26QB can be corrected within specified time limit.
Follow the process as specified in the link.


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