One can fill out the form as above and while you continue there is the option “Retroactive payment by bank”, you should consult the net banking website of your bank`s website for this information. Sir, please help me how to correct my evaluation year, I entered an incorrect evaluation year in Form 26qb and due to which the evaluation year in Form 16b reflects the wrong evaluation year. Well, what should I do. Please help me. a) The confirmation number for the form 26QB provided is available on the form 26AS (annual tax return) of the franchise (i.e. buyer/buyer of real estate). The same can be viewed on the TRACES website (www.tdscpc.gov.in) or b) The taxpayer can also click on the “View Confirmation” option hosted on the TIN website. The taxpayer must enter the buyer`s and seller`s NAP, the total payment and the valuation year (as indicated at the time of filing Form 26QB) to retrieve the confirmation number. Online and we were advised to contact the Income Tax Officer, (TDS) Dear Sir or Madam, I file TDS regularly and the first time during filing 3 months late, so tdscpc indicated to deposit the default amount Rs408/-, but we do not know how to file under heading 800 and the applicable tax 021. and how to file online? Answer please wait before April 20, 2015 within 1 month to file. After selecting the form, you will be redirected to the screen to enter some information. Once the payment is reflected in 26AS as above, you will have to go to traces again. Log in to the website and click the Downloads tab.
Click on “Downloads requested” in the drop-down menu. If no request has been made, you will be asked to submit a download request, here you enter the confirmation number (nine-digit number) included on Form 26AS Part F as mentioned above. Once this is done, you can view the status of your application which generates an application request number. Please provide a solution on how to respond to Traces notifications you have received in the form of an email. 1. E – Tax recognition n° Axxxxxxx9. The proof file of the E-Payment form facilitates the online payment of taxes by taxpayers. To take advantage of this option, the taxpayer must have a net bank account with one of the authorized banks. Please follow the steps outlined below to pay taxes online: – Form 26QB also applies to the person who purchases the property from the NRI with Pan No in India. What rate of tds must be deducted if the property is purchased by NRI with Pan No, because the seller must be resident since Article 194 IA. The online Statement of Account Form/Form 26QB must be completed by each buyer for a unique buyer-seller combination for the respective share.
Like what. for one buyer and two sellers, two forms must be completed and for two buyers and two sellers, four forms must be completed for the respective real estate shares. I brought the property to Chennai, Tamilnadu. Now I plan to pay the tds, I have been staying in Chennai for two years. Can I specify the communication address in the form of 26QB or do I need to provide a permanent address? Please answer me. Thank you, sir, for the helpful information you kindly provided. Hi Surangi, I also had the same mistake. Did you have to resubmit Form 26B? As we all know, the buyer of a property worth Rs. 50 lakh and above should deduct 1% TDS at the time of payment. Here is the guide to paying TDS and getting Form 16B for buyer and Form 26QB for seller. I completed Form 26qb for the 1% tds deduction and selected “Other Option” instead of the name of the builder, on whose behalf the 1% TDS profit should have been deducted and deposited.
How can this be corrected? There is also another payment method if you do not have an online banking registration. REACTIONS (personal; but for the common good): “…. You can take a print of the same for your documents AS WELL AS FOR THE TRANSFER OF PVER TO THE SELER of the property … (FONT included). At first glance, if you think about it for a few moments, no one, even if they were to leave with common sense, can realize that the requirement highlighted is redundant and unjustified. Because it is synonymous with an unnecessary requirement to duplicate the same data that is already available online (in 26AS) for all parties involved – in addition to income also for deduction. Therefore, it should be waived immediately by the tax office without reservation. By the way, as explained elsewhere on this website, a similar annoying requirement, which requires the taxpayer to create an impression of the automatically generated online “confirmation” of the submitted tax return and then send it to CPC by mail, also seems to make no sense. These are two issues that require positive and swift action by the ITD to make the lives of deductionists/taxpayers less complicated by freeing them from the problems inherent in the already largely confused TDS regime. To fit properly into the present context, albeit at the cost of painful repetitions, it is sad to note that the Government/ITD has not yet woken up and has not yet recognized the gaping shortcomings of Article 194 IA; among other things, that without appropriate changes to the provision (see points raised in some published articles), any insistence and collection of TDS on transfers in which the property in question is an apartment or apartment is, in its view, without the “authority of the law”.
To be precise, by unthinkingly adhering to the flawed practice, the tax office continued to expose itself to the heinous guilt of “unjust enrichment.” In addition to the various other unappetizing and harmful consequences that have also been highlighted, it is easily avoidable by making the necessary corrections in a timely manner. It is unfortunate that taxpayers and their knowledgeable professionals in consultation (without the CAs and SCs under the regulatory control of the respective higher bodies – ICICI and ICSI) seem to have chosen to remain pejorative/disappointing silent for reasons they only know for themselves, regardless of the adverse effects that loopholes in the law imply/have in stock. It is all the more fascinating that an open invitation to a free and open exchange of the thoughts of the others concerned, if they are to be materially different, must also be sincerely observed, as is expected with fervor and desire; This leaves very disillusioned as to the usefulness of these and other such websites. It is important to ensure that PAN is correctly mentioned by the buyer and seller in the form. There is no online mechanism for subsequent correction. The recipient should contact the evaluating officer or the PTDCS to correct any errors. If you forgot to take Form 26qb, print it out before paying the tax, but have the confirmation number. Please go to the following link and select the option “Payment of the electronic fee on the next date” www.tin-nsdl.com/faqs/tds-on-sale-of-property/TDS-Introduction.html In a few hours, the application will be processed and you will be able to consult your Form 16B as available. I selected the wrong fiscal year by filling out Form 26QB, now Form 16B is available for download. of No. 26 QB, the following mistakes were made by me.
The user must be ready when filling out Form 26QB with the following information: I selected an incorrect deduction date when filling out Form 26QB. If there is a problem on the NSDL e-Gov website when entering details in the online form, contact the TIN call center on 020 – 27218080 or write to us (Please indicate the subject of the email as an online direct payment payment Tax_ TDS when selling real estate). You can also find more information on the Tax Information Network website. From June 2013, the buyer of a property worth Rs50 lakh and above should deduct 1% TDS at the time of payment. Here is the guide to making TDS payments and getting Form 16B for the buyer and Form 26QB for the seller, I would like to guide readers through the TDS payment process and the steps to follow to get Form 16B (for self-notice or buyer) and Form 26QB for the (seller or deductor). The buyer of the property (tax deduction) must provide information about the online transaction on the TIN website, i.e. www.tin-nsdl.com. After successfully providing the details of the transaction, the franchise can: You can print a print for your documents as well as for delivery to the seller of the property. A similar process must be followed by the seller to obtain Form 26QB. I paid 26qb Challan via internet banking.
but inadvertently the payment is debited twice from my account. How do I cancel the same? pls clarify hello. Please lt me kw within the tds period must be paid more than 26qb to avoid penalties. thnx dear sir, why can you pay the tds easily please send me the steps to submit 26qb Select this and it allows you to get an online receipt for form 26QB with Ack No. Then, the fiscal year to be completed on Form 26 qb should be FY14-15 and AY would be 15-16. Once this link is open, click on Form 26QB (payment of TDS when selling real estate). Select (0021) for the non-business payer and 0020 for the business payer. Once you have completed the various details mentioned in this form, click on “Next” at the bottom of the page to move on to the next page where you can select your bank. .