From 26qb correction


Manasi Pasalkar   08 May 2019

Manasi Pasalkar

 1 points

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Dear sir/madam,

Please guide me.

I file form 26QB and payment was done. but after payment i realize there are 4 seller and i pay tds in 1st name of seller. But i want give credit to other 3 sellers also. what can i do? 

Thanks & Reagrds

avater

Roonit Kapoor (Professional)     09 May 2019

Roonit Kapoor
Professional 
 39 likes  243 points

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As such online rectification for form 26QB is available, but you will not be able to add other sellers in the form.

You can reduce the amount of the seller in proportion to its ownership, and then file other forms for joint holders, with new liability of payment of TDS amount.

After that you can get refund of the excess paid to first owner, by application made to ITO(TDS).

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