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Tds on sale of property by nri

Others 647 views 3 replies
I have filed wrongly 26 QB instead form 27Q. How can I rectify
Replies (3)

Your problem is not listed completely, as per my understanding Form 27Q will be applicable when anypayment is made to Non Resident & Form 26QB is required to be filed by purchaser of property. If NRI is selling property then neither formis applicable.

However if this is not the case then It appears that you have wrongly paid the challan also.

If the challan paid is wrong then you should get it corrected by the Income Tax Department.

Then you should proceed to file the correct return along with application to Department for non consideration of Earlier return.

I do not think this can be corrected through online 26QB correction facility on TRACES website. As a buyer, you can approach your PAN Assessing Officer with a request to cancel Form 26QB and refund the amount. Once you receive the amount, file a fresh TDS return in Form 27Q with applicable interest, late fee and penalty. 

Hello All

I have the same issue any idea how does it get gets resolved.


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