banner_ad

Correction of 26QB tds return due to cancellation of property deal.

Others 2036 views 2 replies
sir; an assessee agrees to buy flat accordingly he deduct tds 1% & file 26QB return. Later on that deal cancelled & since that deal is cancelled the seller has neither included this sales in his ITR nor claimed tds. Now buyer trying to file refund request in form 26B but refund can be claimed only if that tds payment challan remains unutilised. since in this case since the challan already linked with 26QB he cannot place refund request. How to cancel that form 26QB return ?? There is an option to 26QB correction but amount credited nil is not accepting. How to claim this refund. please Advice 🙏 thanks.
Replies (2)

You need to revise the form 26QB with zero amount,

The revised form 26QB needs to be accepted by the seller.

Seller will also be required to create login at Traces portal for accepting the revised form 26QB

Once the utilization is zero, you can claim refund. 

 

Thank you Gupta Sir; but when I tried to enter zero in amount paid column then it shows message as amount credited cannot be nil.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details