Query : How to revise 26QB ?
Assesee Name : Mr. X (BUYER OF PROPERTY)
Assesse Mr. X has purchased the property from Joint Holders - Mrs. Y (1st holder) and Mr. Z (2nd holder).
TDS being 1% comes to Rs.88,600/-
TDS is deducted and deposited with in prescribed due date.
Form 26QB supposed to be file in both holders(SELLERS) name in equal proportion.
i.e. TDS Rs. 44,300/- for Mrs. Y (1st holder/seller) &
TDS Rs. 44,300/- for Mr. Z (2nd holder/seller)
However while filing 26QB the entire TDS amount (Rs.88,600/-) was shown in the name of 1st Holder - Mrs. Y.
Now how to rectify this??
CAclubindia
