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Rectify or refund form 26qb to 27q

TDS 1980 views 6 replies

Hello 

I have purchased one unit from an NRI and wrongly i iilled form 26qb instead of 27q.

 

Any idea how to get it rectify or get the refund.

Call me at 9741465599

Replies (6)
You can take refund of the 26QB challan.. facility is available on traces login for raising refund request..
obtain TAN if you don't have and file 27Q..
Instead of filing 27Q Form, the buyer has wrongly filed 26QB Form.

In case of 26QB statement cum Challan processing, the system by default passes on the credit to the seller to the extent of 1% only.

However, to obviate the difficulty of getting tax credit for NRI seller, the department will pass on the full credit of TDS to the seller by carrying out necessary changes in the System. (Note – this is done by the department as a one time measure per assessee and the process of crediting the money will take some time; it won’t happen instantly)

In order to make this correction, the buyer has to raise a request for passing on the whole credit of the TDS to seller through sending a mail on email id “contactus @ tdscpc.gov.in ” with Acknowledgement number.
Credit reversal on the basis of email of buyer is now stopped by traces and refund facility for 26QB has since been introduced.

Hello Sir,

So how this can be rectify i i really need a help

pls call me at 9741465566 if anyone can help or advise me on this

Income tax department has relaxed norms of e filing of  TDS returns .

Major relief has been given to tax payers by allowing adjustment of  excess tds deposited in one section with other section .

Further Income tax department has also allowed excess tds deposited in one assessment year with another assessment year

I don't think any refund facility is introduced.
Mr Bagri can you provide details ?


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