Sponsored
It has been observed that deductors are wrongly entering the tax amount deducted on sale of property in ‘interest’ or ‘others’ or ‘fee’ column while making the e-payment. Accordingly, zero TDS credit will appear in Form 16B.
Advise
The Deductor (Buyer) should fill the amount of tax in ‘TDS Amount to be Paid’ field and not in ‘Interest’ or ‘Fee’ field. Else, the seller will not get the credit of such tax.
RELATED POSTS ON THE TOPIC
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Kindly suggest the procedure for rectification for such error if comitted.
In one such case, we approached Income Tax Officer, NSDL, Traces, but non are aware of the procedure nor able to guide properly