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Query for 26QB

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Arvind

Student

31 Points Posted on 26 February 2022

Dear sir/madm,

Sir I have deducted 1% TDS on property purchase also filed 26QB for FY 2020-21 that pandemic time but seller received only 0.75% TDS amount in his 26AS I checked my Form 16B also showing only 0.75% amount but I have payment challan how can I solve this problem ? Please gauid me

Replies (2)

Quick Summary

A buyer deducted 1% TDS on a property purchase and filed Form 26QB for FY 2020-21. However, the seller's Form 26AS and Form 16B only show 0.75% TDS received, despite the buyer having a challan proving the full 1% was paid to the department. The seller is now requesting the remaining 0.25%.

HARESH JAMBUCHA

Student CA Final

39 Points Posted on 26 February 2022

If you calculated tds @ .75 and deposited the same amount challan than the same will reflect in 26AS of the Seller. It cannot show more than or less than what you have deposited and shown in TDS return filed for the same.

Arvind

Student

31 Points Posted on 26 February 2022

Yes sir I agree but my situation seller is requesting remaining 0.25% amount but I already paid to department I have payment challan what I paid full amount of TDS . what I do for next ??