Dear Community,
Hope you are doing well. I need a help/advice for a small error I did while filing form 26QB.
Background: Enter agreement to buy property for ~80L. Paid 40L in June 2023 but did not deduct any TDS. Paid 30L in June 2025 and deducted 1% TDS on entire 70L. While filing 26QB I showed 40L as paid in previous installment and 30L as paid now. In spite of paying TDS of 70k, I got 16B issued only for 30k. Filed for 26QB correction for payment as entire 70L as paid now so I can get 16B corrected for 70k, but it went for seller approval and then for AO approval. AO asked for bank statement where I shared true details, and AO rejected the correction request citin TDS provisions not followed. In order to make this good, I am thinking of filing 26QB separately for what I paid 40L in June 2023. However, i need help to get the 40k TDS refuned. Please advice how to do this or if you have better suggestion to deal with this. Thanks a lot for your attention and time.
Regards, Rupesh
CAclubindia
