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Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     24 September 2021

Correction of PAN in Form 26QB - TDS on Property

  • Only Buyers registered on TRACES can submit request for “26QB correction” under “Statements/Forms ” Tab.
  • Fields of 26QB in which Correction is allowed as follows :

1. PAN of Buyer

2. PAN of Seller

3. Financial Year

4. Amount Paid/Credited

5. Date of Payment/Credit

6. Date of Deduction

7. Property Details –(Complete Address of the Property)

8. Total Value of Consideration (Property Value)

  • If Buyer files 26QB Correction and “Seller” is known , correction can be submitted through E-Verified (Internet Banking) /AO Approval/DSC (If Buyers DSC is registered) for updating PAN details (Buyer /Seller).
  • If Digital Signature is not registered and Buyer or Seller is non Traceable , the correction request can be submitted through AO Approval option for updating PAN details (Buyer/ Seller).
  • If Digital Signature is not registered, Buyer or Seller is known , the correction request can be submitted through E-Verified (Internet Banking) /AO Approval option for updating PAN details (Buyer Seller).
  • If PAN of Seller requires to be updated, the correction request will require “Previous Seller’s” approval.
  • If PAN of Buyer requires to be updated, the correction request will require Seller’s” and intended (New) Buyer approval.
  • If both PAN of Seller and Buyer require to be updated, the correction request will require approval from Previous Seller and intended (New) Buyer.
  • If Amount Paid/Credited is updated, the correction submitted will require Seller’s
  • Jurisdictional AO will be decided on the bases of Buyer’s PAN’s (PAN submitting the correction) Jurisdiction.
  • If user is doing 26QB correction for the First Time or Second Time in Seller’s PAN +Amount Paid /Credit, Correction request will be directly submitted taxguru.in for A.O. Approval.
  • If user is doing 26QB correction for the First Time or Second Time in Buyer’s PAN + Seller’s PAN + Amount Paid/ Credit request will be directly submitted for A.O. approval.


 1 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     26 September 2021

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