Master in Accounts & high court Advocate
9610 Points
Posted on 25 March 2025
A question about correcting an incorrect 26QC and claiming a TDS refund! Correcting 26QC: -
*Incorrect TDS Rate*: You paid TDS at 5% instead of the correct rate of 2%. -
*Correction Process*: To correct the incorrect 26QC, you'll need to file a revised 26QC with the correct TDS rate. Claiming Refund via 26B: -
*Revised 26QC*: Before filing Form 26B for a refund, you should file the revised 26QC with the correct TDS rate. -
*Refund Claim*: Once the revised 26QC is filed, you can claim the refund by filing Form 26B. Key Considerations: -
*Time Limit*: Ensure you file the revised 26QC and Form 26B within the prescribed time limits to avoid any interest or penalties. -
*Documentation*: Maintain proper documentation, including the original 26QC, revised 26QC, and Form 26B. Recommendation:
1. *File Revised 26QC*: File the revised 26QC with the correct TDS rate as soon as possible.
2. *Claim Refund via 26B*: Once the revised 26QC is filed, claim the refund by filing Form 26B.