Article explains Important Information for 26QB Correction, Brief steps for 26QB Correction, Description for Requested Status of 26QB Correction, Pictorial guide for 26QB Correction, Procedure for 26QB Correction with E- verified (Internet Banking), Pictorial guide for 26QB Correction with E-Verified (Internet Banking), Pictorial guide for 26QB Correction with DSC (Digital Signature Certificate), Pictorial guide for 26QB Correction with AO Approval and Pictorial guide for Approval by Seller/Buyer for 26QB Correction.

1. Important Information for “26QB Correction”.

  • Only Buyers registered on TRACES can submit request for “26QB correction” under “Statements/Forms ” Tab.
  • 26QB Correction applicable from Assessment Year 2014-15
  • Fields of 26QB in which Correction is allowed as follows :

1. PAN of Buyer

2. PAN of Seller

3. Financial Year

4. Amount Paid/Credited

5. Date of Payment/Credit

6. Date of Deduction

7. Property Details –(Complete Address of the Property)

8. Total Value of Consideration (Property Value)

  • If Buyer files 26QB Correction and “Seller” is known , correction can be submitted through E-Verified (Internet Banking) /AO Approval/DSC (If Buyers DSC is registered) for updating PAN details (Buyer /Seller).
  • If Digital Signature is not registered and Buyer or Seller is non Traceable , the correction request can be submitted through AO Approval option for updating PAN details (Buyer/ Seller).
  • If Digital Signature is not registered, Buyer or Seller is known , the correction request can be submitted through E-Verified (Internet Banking) /AO Approval option for updating PAN details (Buyer Seller).
  • If PAN of Seller requires to be updated, the correction request will require “Previous Seller’s” approval.
  • If PAN of Buyer requires to be updated, the correction request will require Seller’s” and intended (New) Buyer approval.
  • If both PAN of Seller and Buyer require to be updated, the correction request will require approval from Previous Seller and intended (New) Buyer.
  • If Amount Paid/Credited is updated, the correction submitted will require Seller’s
  • Jurisdictional AO will be decided on the bases of Buyer’s PAN’s (PAN submitting the correction) Jurisdiction.
  • If user is doing 26QB correction for the First Time or Second Time in Seller’s PAN +Amount Paid /Credit, Correction request will be directly submitted taxguru.in for A.O. Approval.
  • If user is doing 26QB correction for the First Time or Second Time in Buyer’s PAN + Seller’s PAN + Amount Paid/ Credit request will be directly submitted for A.O. approval.

2. Brief steps for “26QB 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” under “Statements/ Forms” tab to initiate correction request. 26QB checklist will display on next screen. After clicking on “Proceed” Pop-Up window will display (If DSC is not registered).
  • Step 3 : Enter relevant “Assessment Year”, “Acknowledgement Number” and “PAN of Seller” according to filed Form 26QB, then Click on “File Correction” to submit request for correction. Request number will generate after submission of Correction Request.
  • User can check Requested Status in “Track Correction Request” option 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 as per challan paid against 26QB then click on “Proceed” taxguru.in.
  • Step 6 : User can select on “Financial Year and Tax applicable” option to change F.Y in 26QB. After clicking on “Edit” button. Message will pop up on the screen. Click on “Save” to save updated details then click on “Submit Correction Statement”(Select tab accordingly in which user want to do edit details).
  • Step 7 :Screen will display to “Confirm 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. 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.
  • If DSC is not registered, user has to submit below mentioned documents to Jurisdictional AO for verification :

1. Furnish hard copy of Acknowledgement of form 26QB correction along with Identity Proof.

2. PAN Card.

3. Documents related to Transfer of Property.

4. Proofs of payment made through Challan for 26QB.

OR

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

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

Status Description
Available Once the request for correction is available for correction, status will be “Available”.
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).
Pending for PAN Approval Status will be “Pending for PAN Approval” if Correction is submitted for Seller or buyer approval.
Submitted to ITD Status will be submitted to ITD if request is approved by AO or Seller/Buyer (if required)
Processed Status will be processed if request is processed by TDS CPC .
Cancelled Status will be cancelled if request is cancelled by Buyer before Approval/Processing .

4 . Pictorial guide for “26QB Correction”.

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

Step 1 Login to TRACES website and select TaxpayerPAO option then enter “User ID”, “Password”, and “Verification code” to proceed further.

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

Landing Page will be displayed on the screen

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

Step 2 Select option “ Request for Correction ” under “Statements Forms” tab to initiate

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

Step 2 (Contd.) 26QB Correction Checklist will display

Step 2 (Contd.) : After clicking on Proceed, Pop-Up window will display in case DSC is not registered.

Step 2 (Contd.) After clicking on Proceed, Pop-Up window will display in case DSC is not registered

Step 3 : Enter relevant “Assessment year”, “Acknowledgement Number” and “PAN of Seller” according to filed 26QB, then Click on “File Correction”.

Step 3 Enter relevant “Assessment year”, “Acknowledgement Number” and “PAN of Seller” according to filed 26QB, then Click on “File Correction”.

Step 3 (Contd.): Request number will generate after submission of Correction Request.

Step 3 (Contd.) Request number will generate after submission of Correction Request

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

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 as per challan paid against 26QB then click on “Proceed”

Step 5 Mention CIN details as per challan paid against 26QB then click on “Proceed”

Step 6 : User can select on “Financial Year and Tax applicable” option to change F.Y in 26QB.

Step 6 User can select on “Financial Year and Tax applicable” option to change F.Y in 26QB

Step 6 (Contd.) : After clicking on “Edit” Button Message will pop up on the screen.

Step 6 (Contd.) After clicking on “Edit” Button Message will pop up on the screen

Step 6 (Contd.) : Click on “Save” to save updated details then click on “Submit Correction Statement”.

Step 6 (Contd.) Click on “Save” to save updated details then click on “Submit Correction Statement”

Step 6 (Contd.) : Select “Buyer Details” option to update respective details.

Step 6 (Contd.) Select “Buyer Details” option to update respective details

Step 6 (Contd.) : Select “Seller Details” Tab to update respective details.

Step 6 (Contd.) Select “Seller Details” Tab to update respective details

Note : On applying correction of Buyer or Seller or both, user will be asked to confirm if PAN of seller is known or unknown.

Step 6 (Contd.) : User will be asked to confirm if PAN of the Seller is known or unknown.

Step 6 (Contd.) User will be asked to confirm if PAN of the Seller is known or unknown

Step 6 (Contd.) : User is selecting “AO” tab if PAN of the Seller is Unknown then below dialogue box will pop up.

Step 6 (Contd.) User is selecting “AO” tab if PAN of the Seller is Unknown then below dialogue box will pop up.

Step 6 (Contd.) : User is navigated to final submission page where buyer is prompted with the below dialogue box.

Step 6 (Contd.) User is navigated to final submission page where buyer is prompted with the below dialogue box.

Note : The request gets submitted to AO for approval post PAN’s approval if needed.

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

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

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

Step 6(Contd. ) Select “Amount Paid Credit” to update respective details

Note : If Amount Paid/Credit is updated , Correction submitted will require Seller’s approval.

  • If User has selected more than one “Transferee (Buyer) or Transferor(Seller)” and “Payment type” as Installments then Amount taxguru.in Paid/Credit should not be equal to total value of Consideration.

Step 7 :Screen will display to “Confirm details” after Submission of Correction Statement.

Step 7 Screen will display to “Confirm details” after Submission of Correction Statement

Step 7 ( Contd.) : Screen will display to “Confirm details” after Submission of Correction Statement

Step 7 ( Contd) Screen will display to Confirm details after Submission

Step 7 ( Contd.) : Screen will display to “Confirm the details” after Submission of Correction Statement.

Step 7 ( Contd.) 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. Click on “Submit Request” to Submit Correction Request.

Step 8 Profile details will be populated as updated on Traces. Click on “Submit Request” to Submit Correction Request

Step 9 : 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 9 After submission of Correction Request if DSC(Digital Signature Certificate)

Step 9 ( 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).

Step 9 ( 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

5 . Procedure for “26QB Correction with E- verification” (Internet Banking).

  • E-Verified Service link is available at banks website:
  • User has to log in to Bank Website and select option “Click of view26AS”.
  • 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 taxguru.in  get Verified through Internet Banking.
  • This can be used for “Submitting 26 QB Correction” request without Digital Signature and Approval from Assessing Officer.
  • This Option is not available for NRI Taxpayers.

6 . Pictorial guide for “26QB Correction with E-Verified” option.

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

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

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

Step 2 To E-Verify 26QB 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 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 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 26QB correction.

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 26QB 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 6 Go to “ Track Correction Request” option under “Statements Forms

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

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

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

Step 8 Screen will display to “Confirm the details”

Step 8 (Contd.) : 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 display on the screen.

Step 9 Correction Statement submitted successfully message will display on the screen

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

Step 10 User can check submitted correction status under “Track Correction Request” option under “StatementForms”

7 . Pictorial guide for “26QB Correction with DSC(Digital Signature Certificate)”.

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

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

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

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

Step 3 : “Correction ID” will generate after successful submission of correction.

Step 3 “Correction ID” will generate after successful submission of correction.

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

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

8 . Pictorial guide for “26QB Correction with A.O Approval”.

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

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

Step 2 : Correction ID gets generated after successful submission of correction.

Step 2 Correction ID gets generated after successful submission of correction

Step 3: 26QB Correction – Acknowledgement to be submitted to AO for approval.

Step 3 26QB Correction – Acknowledgement to be submitted to AO for approval

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

Step 6 : Final Correction status will be “Processed”.

Step 6 Final Correction status will be “Processed”.

9 . Pictorial guide for “Approval by Seller/Buyer for 26QB Correction”.

Step 1 : Seller or Buyer has to select on “Pending for PAN Approval” status under “Track Correction Request” Option in “Statements/Forms” Tab.

Step 1 Seller or Buyer has to select on “Pending for PAN Approval” status under “Track Correction Request” Option in “Statements Forms” Tab

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

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

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

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

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

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

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

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

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9 Comments

  1. deva says:

    i have filed 26QB, but the pan of buyer was wrong. so after necessary corrections made as you explained above, then coming to e-verification through net banking it is unclear weather to logon to bank a/c of person who actually deducted tax or to logon to wrong deductor/buyers bank a/c. in which bank site i have to log in to e-verify. as in my case buyer pan was wrongly entered. please explain.

  2. ksp raju says:

    i have filed 26QB, but the pan of buyer was wrong. so after necessary corrections made as you explained above, then coming to e-verification through net banking it is unclear weather to logon to bank a/c of person who actually deducted tax or to logon to wrong deductor/buyers bank a/c. in which bank site i have to log in to e-verify. as in my case buyer pan was wrongly entered. please explain.

  3. PRACHI DODKA says:

    I have filed statement of correction for 26QB but when i am clicking on Pending for approval for the purpose of approving , No further steps/ action proceeds. I don’t understand its reason .

  4. R M DAYAL says:

    The procedure is explained nicely. nevertheless one lacunae remains and that is when the correction request in form No. 26qb is approved, then what is the procedure to download corrected form No. 26 qb that is not explained.
    kindly explain the procedure of how to download corrected Form No. 26QB.

  5. VEENA ARORA says:

    By mistake TDS deposite withone seller pan , there are two seller , byer PAN NO ADQPA4163M ,SELLERS PAN NO,S BWDPS9204C and EYTPK 4699J , TDS deposite with one PAN i.e. BWDPS9204C ,amount of TDS Rs 103000/-ref no. AG9173684 , date of property purchase 06 FEB 2020 , and deposite of TDS date 11 FEB 2020 , with nett banking ICICI BANK ref no.BSR CODE 6390340 , tender date 11/02/2020 challan s.no. 00083, correction in 26QB required regards VEENA ARORA

  6. Prasanna says:

    When I (Buyer) paid the TDS on sale of property through FORM 26QB, I paid excess amount. Later on I tried to correct form 26QB online and verified through e-banking, now it is showing “Pending for PAN approval” in correction status. However, the link is not active. What to do? Who will approve it buyer or seller? Shall I get back the excess amount paid as refund?

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