Wrong entry while filing sale of property tds
This query is : Resolved
23 May 2018
Hi, I need help on the payment option I have selected after filling form 26qb. After filling form 26qb and mentioning the 1% Tax on my new home instalment payment made, I selected my bank and entered the amount against fee instead of Income Tax. Income Tax0.00 Surcharge 0.00 Education cess 0.00 Fee (Form 26QB) 92000 Total 92000 .Then after reading FAQ's in tin-nsdl, I realized that I was supposed to enter the amount in Income Tax as below FAQ is mentioned in it. https://www.tin-nsdl.com/tds/TDS-FAQ.php I have entered tax amount in Fee, I am unable to generate Form 16B from TRACES website? The TDS amount as per Form 26QB should be entered in the field ‘Basic Tax’ (Income Tax) on the Bank’s web-portal as TDS certificate (Form 16B) will be based on ‘Basic Tax’ (Income Tax) only." what do I need to do now. They have not given any solution in FAQ. Won't I get my form 16b. I called my bank but no one is sure what needs to be done and the tin-nsdl customer number is always coming busy .
What is the way out? How to get this sorted?
What is the way out? How to get this sorted?
23 May 2018
You can revise the same on TRACES Web site
23 May 2018
https://www.taxmann.com/topstories/104010000000047841/cpc-tds-enables-online-functionality-for-correction-in-form-26qb.aspx
23 May 2018
Hi Ankit Thank you for your reply. However in my case, there is no mistake in my FORM 26QB, the problem has occurred after filling my Form 26QB.
For payment, I selected my bank and entered the amount against fee instead of Income Tax.
Income Tax0.00
Surcharge 0.00
Education cess 0.00
Fee (Form 26QB) 92000
Total 92000 .
Then after reading FAQ's in tin-nsdl, I realized that I was supposed to enter the amount of 92,000 in Income Tax as below FAQ is mentioned in it. https://www.tin-nsdl.com/tds/TDS-FAQ.php I have entered tax amount in Fee instead of Income tax and my challan also depicts the same.
I need to know how to correct it .
For payment, I selected my bank and entered the amount against fee instead of Income Tax.
Income Tax0.00
Surcharge 0.00
Education cess 0.00
Fee (Form 26QB) 92000
Total 92000 .
Then after reading FAQ's in tin-nsdl, I realized that I was supposed to enter the amount of 92,000 in Income Tax as below FAQ is mentioned in it. https://www.tin-nsdl.com/tds/TDS-FAQ.php I have entered tax amount in Fee instead of Income tax and my challan also depicts the same.
I need to know how to correct it .
03 August 2025
https://docs.google.com/document/d/1fF1ZEOsPzzZDkcoWPYNr2AfW_W1GkRiGChx47524hXQ/edit?usp=sharing
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Bank Accounts in Balance Sheet for ITR 3
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
