26QB error interchange of PAN by Buyer and Seller

[M RAJA]

hello sir/madam,

one of my client bought a flat worth ₹ 75,00,000/- for the Ay 2014-15. He had paid 1% TDS of ₹ 75000/- in favor of the seller but in form 26QB my client had wrongly entered PAN of seller :as' buyer(Client) PAN' so the client has got ₹ 75000/- as credit in form 26AS.

Notes: The client also filed the return for the AY - 2014-15 on 25.01.2015 (Belated Return)

But We didn't claim the credit of Rs.75000/-

now kindly help me to sort this problem and provide me with the solution for it as early as possible.

thank you

AI Summary

TDS PAN error resulted in tax credit misallocated to buyer; taxpayer seeks correction and remedy. A purchaser paid TDS on a property purchase but, due to entering the seller's PAN as the purchaser's PAN in Form 26QB, the TDS credit appears in the purchaser's Form 26AS. A belated return was filed for the assessment year without claiming or correcting this TDS credit, and the taxpayer seeks a remedy to allocate the TDS to the correct taxpayer.