TDS Centralized Processing Cell
Centralized Processing Cell (TDS)
Aaykar Bhawan, Sector-3,
Vaishali, Ghaziabad-201010.
Letter F.No. CIT/CPC-TDS/2015-16, Dated: 02.03.2016
To,
All the Pr. Chief Commissioners/Commissioners of Income Tax
All the Commissioners of Income Tax (TDS)
Respected Madam/Sir,
Sub: Enablement of 26QB correction facility and role of TDS officers-Reg.
With kind reference to the above, I am directed to inform you that the functionality for correction of Form 26QB has been made available online from 29th of Feb. 2016 to the deductors/buyers. Hence, the buyer, whose PAN exists in Form 26QB, can log in to www.tdscpc.gov.in and make the correction request for the following fields.
| S. No. | Field which can be changed | With Digital Signature | Without Digital Signature |
| 1. | Buyer’s PAN (When buyer’s PANAAAPA1111A is to be changed to PANBBBPB1111B) | Once request is raised by Buyer with digital signature(AAAPA1111A), the same will be pushed to the Seller and the new Buyer (BBBPB1111B). As soon as both of them approve the PAN will be updated. | Once request is raised by Buyer without digital signature(AAAPA1111A) the same will be pushed to Seller and the new Buyer (BBBPB1111B) for approval. As soon as both of them approve the correction, by logging into TRACES, the ticket will be sent to TDS AO for physical verification of the facts and the genuineness of the buyer. TDS AO, if satisfied, can then approve the same from his inbox.Please note whenever PAN of buyer is updated, the same may impact Major Head and category of PAN. This will be taken care of by the system itself before the request is raised. |
| 2. | Seller’s PAN (When Seller’s PAN is to be updated fromCCCPC1111C toDDDPD1111D) | Once request is raised by Buyer with digital signature the same will be pushed to the existing Seller (CCCPC1111C) for approval. As soon as he/she approves the same, the PAN will be updated. | Once request is raised by Buyer without digital signature, the same will be pushed to the existing Seller (CCCPC1111C) for approval. As soon as he/she approves the same, the request will be sent to TDS AO for physical verification of the facts and the genuineness of the buyer and the seller. TDS AO, if satisfied, can then approve the same from his inbox.Please note whenever PAN of seller is updated, the same may impact category of PAN. This will be taken care of by the system itself before the request is raised. |
| 3. | Buyer’s Address | Auto Approval | Auto Approval |
| 4. | Seller’s Address | Auto Approval | Auto Approval |
| 5. | Property Details (Including Property Value) | Auto Approval | Auto Approval |
| 6. | Amount Paid/Credited -Amount Payable to the Transferor/Seller | Auto Approval | Once request is raised by Buyer without digital signature, the same will be sent to TDS AO for verification of the amount and the genuineness of the buyer. TDS AO, if satisfied, can then approve the same from his inbox. |
| 7. | Date of Payment to the Seller | Auto Approval | Once request is raised by Buyer without digital signature, the same will be sent to TDS AO for verification of the date and the genuineness of the buyer. TDS AO, if satisfied, can then approve the same from his inbox.Please note that Financial year should always be in confirmation with the Date of Payment. The same will be taken care of by system itself before the request is raised. |
| 8. | Date of Tax Deduction | Auto Approval | Once request is raised by Buyer without digital signature, the same will be sent to TDS AO for verification of the date and the genuineness of the buyer. TDS AO, if satisfied, can then approve the same from his inbox. |
2. In all the cases where approval by AO is required, deductor will be prompted to approach the TDS assessing officer with hard copy of the correction request (sample attached). Also, it is to be noted that when the request is raised without using digital signature, the system cannot establish the identity of the person involved. Therefore, in such a case it is forwarded to the TDS AOs (along with the documents uploaded by the deductor at the time of raising the request) for verification and approval/rejection. Hence, TDS AOs should pay due diligence in verification of the facts of the case and the genuineness of the persons involved before approving the ticket, especially when change in ownership or amount is involved. TDS AO may like to ask for the Identity Proof and PAN Card of buyer along with the documents related to Transfer of Properly and the proofs of payment made to verify the Amount of Property, Date of Payment, Property Details etc.
3. The aforesaid correction requests will be distributed equally to TDS AOs of the region to which the PAN of the buyer belongs and the same will be available in the form of tickets in their TRACES inbox under Tickets menu. The following procedure may be used to approve/reject these tickets:
i. Click on Tickets menu
ii. Click on inbox
iii. Click on the corresponding Ticket Number
iv. Download the attached documents from Communication Details tab
v. Click on Action
vi. Select 26QB tab to see details of correction
vii. Click on Approve/Reject, as the case may be.
4. A copy of Frequently Asked Questions is enclosed herewith for your kind perusal.
| TDS | TRACES |
| Centralized Processing Cell | TDS Reconciliation Analysis and Correction Enabling System |
| FORM 26QB CORRECTION – ACKNOWLEDGEMENT | |||
| Correction ID: 2700 | Date of Request: 02-Mar-2016 | ||
| ACKNOWLEDGEMENT NUMBER OF 26QB | FINANCIAL YEAR | ASSESMENT YEAR | |
| RP6230133 | 2014-15 | 2015-16 | |
| PAN of Buyer | PAN of Seller | Total Property Value (Rs.) | |
| BFPPB3995E | AECPL1303R | 5600000.00 | |
| Financial Year | 2014-15 | Updated Financial Year | – |
| Amount Paid/Credited (Rs.) | 467018,00 | Updated Amount Paid /Credited (Rs.) | – |
| Date of Payment / Credit (dd-mm –yyyy) | 01-Apr-2014 | Updated Date of Payment /Credit (dd-mm –yyyy) | – |
| Date of Deduction (dd-mm –yyyy) | 02-Dec-20l4 | Updated Date of Deduction (dd-mm –yyyy) | – |
| PAN of Buyer | BFPPB3995E | Updated PAN of Buyer | – |
| PAN of Seller | AECPL1303R | Updated PAN of Seller | AGBPK4953R |
| I hereby undertake that the above given information is true, complete and correct and is based on the books of account, documents, 26QB statements, TDS deposited and other available record. | |||
| Place: | Goa | Signature of Authorised Person: | |
| Date: | 02-Mar-20l6 | Full Name: MAYANK BHARDWAJ | |
| Note:1) Please furnish Form 26QB Acknowledgement to your Jurisdictional Assessing Officer after other PAN(s) Approval.
2) Data highlighted with blue color is corrected data for 26QB correction request. |
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Yours Faithfully,
