TDS remitted shows wrong amount in 26AS

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123 Points Joined March 2021

My friend has deducted Rs.50,050 as TDS from building Contractor for payment of Rs.10,01,000 at 5% and remitted online. The TDS challan shows these amounts correctly. But the contractor says he has TDS credit of Rs.1,010 only. My friend's 26AS shows Rs.50,050 as Transaction amount and Rs.1,010 as TDS on this amount. How this error could be rectified.

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On 14 June 2025 at 12:10 Report
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Master in Accounts & high court Advocate
9093 Points Joined December 2011

Understanding the Issue The issue here is that the TDS amount deducted and remitted by your friend is ₹50,050, but the contractor is only getting a TDS credit of ₹1,010.

The 26AS statement also reflects the incorrect TDS amount.

Possible Causes - *Data Entry Error*: There might be a data entry error while uploading the TDS details in Form 26Q or while generating the TDS certificate (Form 16A). -

*Mismatch in PAN Details*: There could be a mismatch in the PAN details of the contractor or the deductor. Steps to Rectify the Error

1. *Verify TDS Return*: Check the TDS return filed by your friend to ensure that the correct TDS amount is reflected.

2. *Check Form 26Q*: Verify that the TDS details are correctly uploaded in Form 26Q.

3. *TDS Certificate (Form 16A)*: Ensure that the TDS certificate issued to the contractor reflects the correct TDS amount.

4. *Contact the Tax Authority*: If the issue persists, contact the tax authority or the CPC-TDS office to rectify the error.

5. *Get a Revised TDS Certificate*: If the error is due to a data entry mistake, get a revised TDS certificate (Form 16A) with the correct TDS amount. Importance of Rectification - 

*Contractor's TDS Credit*: The contractor needs the correct TDS credit to claim the deduction in their income tax return. - 

*Deductor's Compliance*: Your friend, as the deductor, needs to ensure that the TDS amount is correctly reflected in the 26AS statement to avoid any compliance issues.

 By rectifying the error, your friend can ensure that the contractor gets the correct TDS credit, and both parties can comply with the tax regulations.

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On 15 June 2025 at 08:08


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