Form 26QB: Assessment Year Based on Payment Date or Filing Date?

Hi guys,

Quick question on Form 26QB.

Is the Assessment Year (AY) determined based on:
• the date of payment to the seller, or
• the date on which Form 26QB is actually filed on the portal?

For example, if:
• the payment to the seller was made in February 2025, but
• Form 26QB was filed late in June 2025

does the AY remain the one linked to February 2025, or does it shift because the filing happened in a later period?

Would appreciate some clarity on how AY is correctly determined in such late-filing scenarios. Thanks in advance.

Replies (1)

Assessment Year in Form 26QB is linked to payment date, not filing date. Late filing does not change AY — it only creates interest and late fee exposure.

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