Master in Accounts & high court Advocate
9610 Points
Posted on 17 September 2024
I understand your concern. Since the seller's PAN is now linked with their Aadhaar, you can file a revised TDS return and claim a refund for the excess TDS paid (20% - 1% = 19%). Here are the steps to follow: 1. File a revised TDS return (Form 26QB) with the correct TDS rate (1%) and the updated seller's PAN details. 2. Pay the difference between the original TDS paid (20%) and the correct TDS amount (1%) if any. 3. Claim a refund for the excess TDS paid (19%) by filing a refund request (Form 26B). 4. Keep a record of the communication with the seller, the revised TDS return, and the refund request for future reference.