Correcting TDS Payment Discrepancy in Form 26QC and Updating Form 16C

Abdul Wasi (3 Points)

23 May 2024  
Hi everyone,

I need some help with an issue related to Form 26QC and TDS payment on rent. Initially, I entered the rent amount incorrectly, which resulted in a lower TDS being paid. I submitted a correction to update the rent amount, and now the corrected rent amount is showing, but the TDS amount is still the old, incorrect one.

My questions are:
1. How do I pay the remaining TDS amount that is due? Is there a specific challan or process for this additional payment?
2. How can I update Form 16C to reflect the correct TDS amount after making this additional payment? Are there any steps or documentation I need to follow to ensure Form 16C is accurate?
3. Are there any penalties or compliance issues I need to be aware of due to this correction and additional payment? What can I do to avoid or mitigate any penalties?

Any guidance or advice on this would be greatly appreciated!

Thanks in advance!