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Issue ID: 107987
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26QB error interchange of PAN by Buyer and Seller

Date 10 Feb 2015
Replies 0 Replies
Views 2630 Views
Asked by
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. (AI Summary)

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

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