Form 26QB -Paid TDS 122750

TDS 34 views 1 replies
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Accountant
333 Points Joined April 2018

Paid 26QB TDS Rs.75000 But Showing in 26AS As 50000/-  shown 26QB Total Value - 7500000 Paid Current - 5000000 and Previous paid 2500000/- in 26AS Showing Current paid details balance paid TDS Amount showing in Unclaimed TDS How to reslove this??? done in sep 24 Now correction can made while correction i can show the total currents amount as 7500000 and do the correction 

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On 24 June 2025 at 13:43 Report
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Master in Accounts & high court Advocate
8756 Points Joined December 2011

To resolve the discrepancy in your Form 26AS, where you've paid Rs. 75,000 as TDS but it's only reflecting Rs. 50,000, follow these steps¹ ²: - *Check Payment Details*: Verify that the payment was correctly made and reflected in the TRACES portal. Ensure the payment details, such as the challan number and payment date, match the records. - *Correction in Form 26QB*: Since you've already paid the TDS in September 2024, you can file a correction statement. While making the correction, you can show the total current amount as Rs. 75,00,000 (if that's the correct value) and adjust the TDS amount accordingly. -

*Contact the Income Tax Department*: If the issue persists after filing the correction statement, reach out to the Income Tax department or the TRACES helpdesk for assistance. They can guide you through the process or provide a solution to rectify the discrepancy. - 

*Verify Form 26AS*: After filing the correction statement, check your Form 26AS again to ensure the correct TDS amount is reflected.

 The unclaimed TDS amount should be updated once the correction is processed. Important Points to Consider:

- *Late Filing Fee*: Be aware that delaying the correction might attract a late filing fee of Rs. 200 per day, capped at the TDS amount.

 - *Interest on Late Payment*: If the TDS payment is delayed, interest might be applicable, calculated from the date of deduction to the date of payment. -

 *Documentation*: Keep records of all payments, correction statements, and correspondence with the Income Tax department for future reference.

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On 24 June 2025 at 19:21


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