E-Tutorial – TDS on Rent of Property (Form 26QC)

Article contains E-Tutorial on Form 26QC Correction which includes Important Information for 26QC Correction, Brief steps for 26QC Correction, Description for Requested Status of 26QC Correction, Pictorial guide for 26QC Correction, Procedure for 26QC Correction with E-verify (Internet Banking), Pictorial guide for 26QC Correction with E-Verify (Internet Banking), Pictorial guide for 26QC Correction with DSC (Digital Signature Certificate), Pictorial guide for 26QC Correction with AO Approval and Pictorial guide for Approval by Tenant/Landlord for 26QC Correction.

1. Important Information for “26QC Correction”

• Only Tenant(s) registered on TRACES can submit request for “26QC correction” under “Statements/Forms” Tab.
• 26QC Correction applicable from Financial Year 2017-18 onwards.
• Fields of 26QC in which Correction is allowed as follows :

1.PAN Details (Tenant/Landlord)

2.Date of Payment/Credit

3.Date of Deduction

4.Amount Paid/Credited

5.Property Details (Let Out)

6.Total Value of Rent Payable

7.Value of Last Month Rent paid

• If Digital Signature is registered on TRACES and Existing Landlord is known, the correction request can be submitted through E-Verify (Internet Banking)/AO approval/DSC for updating PAN details (Tenant/Landlord).
• If Digital Signature is not registered and Landlord is unknown, the correction request can be submitted through AO Approval option for updating PAN details (Tenant/Landlord).
• If Digital Signature is not registered and Tenant or Landlord is known , the correction request can be submitted through E-Verify(Internet Banking) /AO Approval option for updating PAN details (Tenant/Landlord).
• If PAN of Landlord is updated , the correction submitted will require existing Landlord’s approval (if known) otherwise Tenant can opt for AO approval (In case existing Landlord is unknown).
• If PAN of Tenant is updated, the correction submitted will require existing Landlord‟s (If known) and updated Tenant‟s approval.
• If PAN of Tenant and PAN of Landlord are updated, the correction submitted will require existing Landlord’s and New Tenant‟s approval. If existing Landlord is unknown then Tenant can opt for AO approval.
• If Amount Paid/Credited is updated, the correction submitted will require existing Landlord‟s approval (If known).
• If Date of Payment /Credit is updated, the correction submitted will require existing Landlord‟s approval (If known) and after that correction submitted will require AO approval.
• If Date of Deduction is updated, the correction submitted will require existing Landlord‟s approval (If known) and after that correction submitted will require AO approval.
• In case PAN of Landlord is PANNOTAVBL in the statement and if any correction done by Tenant then correction will be processed through Assessing Officer‟s approval.
• Jurisdictional AO will be decided on the bases of Tenant‟s PAN (PAN submitting the correction) Jurisdiction.
• While making 26QC correction, please ensure all the details in these critical fields are filled carefully as Second Time taxguru.in Correction will be processed only through TDS Assessing Officer‟s approval. After changes and approvals (Tenant/Landlord if required) correction will be submitted for approval of TDS Assessing Officer.
• Please update latest communication details i.e. e-mail id and mobile in profile section so that you may be contacted by the concerned officer for any clarification or query.

2. Brief steps for “26QC Correction”

• Step 1 : Login to TRACES website with your “User ID”, “Password” and the “Verification Code”. Landing page will be displayed on Screen.
• Step 2 : Select option “ Request for Correction” available under “Statements/ Forms” tab to initiate correction request. Select the Form Type 26QC for correction, on next screen 26QC Correction checklist will appear. After clicking on “Proceed” Pop-Up window will display (If DSC is not registered).
• Step 3 : Select “Financial Year” and “Acknowledgement Number” according to filed Form 26QC, then Click on “Request for Correction” button to initiate request for correction. Request number will be generated for correction statement. User can check the requested Status in “Track Correction Request” option available under “Statements/ Forms” tab.
• Step 4 : Go to “ Track Correction Request” option under “Statements/ Forms” tab and initiate correction once the status is “ Available”. Click on “Available” status to continue.
• Step 5 : Mention CIN details of any one challan paid against 26QC then click on “Proceed” .
• Step 6 : After clicking on proceed button details mentioned in 26QC will display on next screen. Select tab accordingly in which user want to do edit details. Click on “Edit” button. Pop up will be shown on the screen. Click on “Save” to save updated details then click on “Submit Correction”.
• Step 7 : Screen will display to “Confirm the Details” after Submission of Correction Statement (Updated details will be highlighted in Yellow Colour).
• Step 8 : Profile details will be populated as updated on TRACES profile. Click on “Submit Request” to submit correction request.
• Step 9 : After submission of Correction Request if DSC is not registered user gets the option to validate correction through E-Verified (Internet Banking) or AO Approval OR if DSC is registered user gets the option to validate correction through E-Verified (Internet Banking), AO Approval or DSC.

NOTE :

• After submitting the Correction, a Correction ID will be generated through which status of correction can be tracked.
• For Assessing Officer approval Tenant has to submit 26QC Correction acknowledgement with Rented property related documents (e.g. Agreement Copy of rented property),Proofs of payment made through Challan for 26QC, PAN Card etc. to Jurisdictional Assessing Officer within 14 days from the date of transmitting the data electronically. Otherwise, it will lead to rejection of correction statement.

OR

With “E-Verified (Internet Banking) Service” user can submit 26QC Correction statement without approval from Assessing Officer and without using DSC. (E-Verified Service option is not available for NRI Taxpayers (www.nriservices.tdscpc.gov.in) website ).

3. Description for “Requested Status of 26QC Correction”

Status	Description
Available	Once the request for correction is available for correction, status will be “Available”.
In Progress	User is working on a statement. Clicking on the hyperlink “In Progress” to proceed further.
Pending for PAN Approval	Status will be “Pending for PAN Approval” if Correction is submitted for Tenant or Landlord approval.
Pending for AO Approval	Once the correction is submitted and validated correction will be displayed with status as “ Pending for AO Approval”(If user has chosen AO approval option).
Submitted to ITD	Status will be submitted to ITD if request is approved by AO or Tenant/Landlord (if required)
Processed	Status will be processed if request is processed by TDS CPC .
Cancelled	Status will be cancelled if request is cancelled by Tenant.
Rejected	Status will be Rejected if submitted correction is rejected by Tenant, Landlord, AO or TDSCPC.

4 . Pictorial guide for “26QC Correction”

Step 1 : Login to TRACES website with your “User ID”, “Password” and the “Verification Code”

Step 1 (Contd.) : Landing page will be displayed on Screen

Step 2 : Select option “ Request for Correction ” under “Statements/Forms” tab to initiate correction request

Step 2 (Contd.) : Select the Form Type 26QC for correction

Step 2 (Contd.) : 26QC Correction Checklist will display

Step 2 (Contd.) : After clicking on Proceed, Pop-up will be displayed in case DSC is not registered

Step 3 : Select “Financial Year” and “Acknowledgement Number” according to filed Form 26QC, then Click on “Request for Correction” button

Note : Request number will be generated after initiating correction request . User can check status in “Track Correction Request” option available under “Statements/ Forms ” tab.

Step 3 (Contd.) : Success Message will be displayed after initiating Correction Request.

Step 4 : Go to “ Track Correction Request” option under “Statements/Forms” tab and initiate correction once the status is “ Available”. Click on “Available” status to continue

Step 5 : Mention CIN details of any one challan paid against 26QC then click on “Proceed”

Step 6 : After clicking on proceed button details as per 26QC filed will display

Step 6 (Contd.) : Click on “Edit” Button before updating required critical field, a pop-up will be displayed on the screen

Step 6 (Contd.) : Click on “Save” button after updating details then click on “Submit Correction”

Step 6 (Contd.) : Select “Tenant Details” tab to update respective details

Note : On applying correction in PAN of Tenant or Landlord or both, user will be asked to confirm if PAN of Landlord is known or unknown.

Step 6 (Contd.) : Select “Landlord Details” tab to update respective details

Step 6(Contd.) : Select “ Rented Property Details” tab to update Property Address details

Step 6(Contd. ) : Select “Amount Paid/Credited” to update respective details

Note : If Amount Paid/Credited is updated, Correction submitted will require Landlord‟s approval.

Step 7: After clicking on “Submit Correction” button confirmation screen will display to confirm the updated details

Step 7: After clicking on “Submit Correction” button confirmation screen will display to confirm the updated details

Step 7(Contd.): Click on “Confirm the Details” button to confirm updated details

Step 7(Contd.): After clicking on “Confirm the Details” button, a pop-up will be displayed to confirm if PAN of Landlord is known or unknown.

Step 7(Contd.): After Clicking on AO button then below pop-up will be displayed, if PAN of Landlord is changed in correction statement

Step 7 ( Contd.) : User is navigated to final submission page. After clicking on submit request button below dialogue box will be opened.

Step 7 ( Contd.): After clicking on continue button, success message will be displayed.

Step 7 ( Contd.): Correction status will be “Pending for AO Approval”. User can check AO details in “AO Detail” column under “ Track Correction Request” option

Step 7(Contd.): After clicking on “Confirm the Details” button, a pop-up will be displayed to confirm if PAN of Landlord is known or unknown.

Step 7 ( Contd.) : After Clicking on “PAN of Landlord” button (If Landlord is known), details as PAN database will reflect on next screen

Step 8 : After submission of Correction Request if DSC(Digital Signature Certificate) is not registered user gets the option to validate correction through E-Verify (Internet Banking) or AO Approval

Step 8 ( Contd.) : After submission of Correction Request if DSC(Digital Signature Certificate) is registered user gets the option to validate correction through E-Verify (Internet Banking), AO Approval or DSC(Digital Signature Certificate)

5 . Procedure for “26QC Correction with E- Verify”(Internet Banking)

• E-Verified Service link is available at banks website:
• User has to log in to Bank Website and select option “Click of view 26AS”.
• It gets navigated to a new page which shows link “E-Verified services on TRACES”.
• Click on “E-Verified services on TRACES”, user gets navigated to the TRACES website with the pre populated User name and PAN of Taxpayer.
• This facility helps taxpayers to get Verified through Internet Banking.
• This can be used for “Submitting 26QC Correction” request without Digital Signature and Approval from Assessing Officer.
• This Option is not available for NRI (www.nriservices.tdscpc.gov.in) website.

6 . Pictorial guide for “26QC Correction with E-Verify” (Internet Banking) option

Step 1 : User need to Click on E-Verify (Internet Banking) option

Step 2 : To E-Verify 26QC Correction , please login to your Bank Website and click on link “View 26AS”

Step 3 : User will log in to Bank website and selects option “Click of view 26AS” then It gets navigated to a new page which shows link “E-Verified services on TRACES”

Step 4 :User need to Click on “E-Verified Services on TRACES” under “E- Verified Services Tab”.

Step 5 : After clicking on E-Verified Services on TRACES, user gets navigated to the TRACES website with the Pre populated Username and PAN. User can login and continue 26QC correction

Step 6 : Go to “ Track Correction Request” option under “Statements/Forms” tab and initiate correction once the status is “ In Progress”. Click on “in Progress” status to continue

Step 7 : Mention CIN details as per the challan paid against 26QC

Step 8 : Screen will display to “Confirm the details”

Step 8 (Contd.) : Screen will display to “Confirm the details”

–

Step 9 : Correction Statement submitted successfully message will be displayed on the screen

Step 10 : User can check submitted correction status under “Track Correction Request” option under “Statement/Forms tab”

7. Pictorial guide for “26QC Correction w ith DSC(Digital Signature Certificate)”

Step 1 : Click on “DSC(Digital Signature Certificate)” option If user want to validate “26QC Correction” with DSC

Step 2 : After validating DSC(Digital Signature Certificate), Click on “Submit Request”

Step 3 : Correction Statement submitted successfully message will be displayed on the screen

Step 3 (Contd.) : User can check submitted correction status under “Track Correction Request” option under “Statements/Forms”

Step 1 : Click on “AO Approval” option if user want to do 26QC Correction with “AO Approval”

8. Pictorial guide for “26QC Correcti on with A.O Approval”.

Step 1 (Contd.) : Pop-up will be displayed regarding AO details.

Step 2: Success Message will be displayed after successful submission of correction

Step 4: Correction status will be “Pending for AO Approval”. User can check AO details in “AO Detail” column under “ Track Correction Request” option

Step 5: After Approval from AO , Correction will be submitted to ITD

Step 6 : Final Correction status will be “Processed”

9 . Pictorial guide for “Approval by Tenant/Landlord for 26QC Correction

Step 1 : Updated Tenant or Existing Landlord need to login on TRACES and has to select on “Pending for PAN Approval” status under “Track Correction Request” in “Statements/Forms” Tab

Step 2 : User can check the edited fields in “26QC Correction”

Step 2(Contd.) : User can check the edited fields in “26QC Correction”

Step 2(Contd.) : Click on Approve button to Approve Correction Request

Source- https://contents.tdscpc.gov.in