Wrong entry while filing sale of property tds

This query is : Resolved

Shyamohan Kurup (Querist)
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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?

CA Ankit R Momaya

CA Ankit R Momaya (Expert)
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23 May 2018 You can revise the same on TRACES Web site

CA Ankit R Momaya

CA Ankit R Momaya (Expert)
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23 May 2018 https://www.taxmann.com/topstories/104010000000047841/cpc-tds-enables-online-functionality-for-correction-in-form-26qb.aspx

Shyamohan Kurup

Shyamohan Kurup (Querist)
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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 .