TDS on property sales: online correction of Form 26QB enabled; SOP withdrawn, AO approval required without DSC. CPC TDS has enabled an online correction facility for Form 26QB (TDS on sale of property under section 194 IA) from 29/02/2016 and the interim SOP is withdrawn. Corrections made with a Digital Signature Certificate are auto approved for permitted fields; corrections without a DSC affecting PANs, amount, or dates require approvals by affected PAN holders and subsequent verification and approval by the TDS Assessing Officer via TRACES, with taxpayers required to present hard copies and supporting identity and transfer documents for AO verification.
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TDS on property sales: online correction of Form 26QB enabled; SOP withdrawn, AO approval required without DSC.
CPC TDS has enabled an online correction facility for Form 26QB (TDS on sale of property under section 194 IA) from 29/02/2016 and the interim SOP is withdrawn. Corrections made with a Digital Signature Certificate are auto approved for permitted fields; corrections without a DSC affecting PANs, amount, or dates require approvals by affected PAN holders and subsequent verification and approval by the TDS Assessing Officer via TRACES, with taxpayers required to present hard copies and supporting identity and transfer documents for AO verification.
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