Ms. Narang you have explained the complicated topic with so simplicity that a lay person like me was able to understand it so very well. Thank you so much. Please keep up the good work.
Very impressive, I was able to sort out my short deduction default issue. Indeed you are helping many people how don't have CA access to solve their small tax related issues. Thank you🙏
Hi Voxcov Academy, I have some doubts regarding payment of the penalty. So in my case I have received demand in which I can see amount they have charged in two sections. First is for Interest on Late Payment and second is Late Filing Levy. So how should I pay this amount under Demand Payment for TDS on property (Sale on Property). Do I need sum the amount of 2(a) + 4(a) = Net Payable and add Net Payable to Interest @ 13:04 on demand payment screen? Also in my case Interest is not auto populating even after adding reference number as shown in the video @13:04. Please help me with this concern asap. Thanks.
Thank you Mam for making this complex process so easy to understand. In the @13:00 of the video, you mentioned the communication reference number. In the intimation letter that I received (regarding default in 26QB) , it did not have any attachment. Is there any way to find this? I am afraid that if I make the payment without the reference number, it may not be successful. Please help !
Madam. We had a short deduction issue and the same is paid now. Do we have to submit correction statement for the short payment of tax or would the seller automatically get the credit for the short deducted amount. please clarify.
Very well explained the entire process. I was looking for it since long. What corrections can be made in 26QB form? Can we change seller PAN and enter new PAN of seller?
Mam, where to enter the short deduction value in the form. In your case, you showed the interest and put it in respective field. But I have short deduction. Where to put this value. Thanks in advance.
Very good information... Mam, in my case i paid tax late by one year but date of deduction also i mentioned a year old. Now seller not able to get credit of it. Can i change date of dedution to today
Thanks for such concise and informative video madam.. I want to ask if seller or AO is taking time to approve, then the penalty will further add up due to delay in correction…and what if correction request rejected by AO or IT Department, then the time in between submission and rejection will be counted as default and more penalties will be imposed or not?
Recd email for defaults in TDS return. While downloading the correction request It shows-The latest statement filed for the specified search criteria is not processed, please check later. What should I do
Hi Mam this is an good video, I am trying to do correction in 26QB from but I am getting below error No challan has been deposited yet for the 26QB can you please help me to resolve above issue.
Hi I have a query. I have purchased a property but while paying the TDS the seller PAN and Aadhar was not linked, and now I received the defaulted receipt from tax department. Is following the same steps of correction work after my seller links his pan and aadhar?
Ma'am I just filled it. I put interest inside interest section and total levy inside 234 section. Is that correct? I have one more doubt like is intimation reference number same as correction reference number? Now we receive as correction reference number
I have got 2 different communication reference number against same acknowledgement. One was for original and now I made some details correction and again got new intimation reference with same amount on same acknowledgement number
wHEN THE DEFAULT IS CORRECTED AND I GET A MAIL THAT NO DEFAULT IS NOTICED, DOES THE 200a NOTICE ISSUED EARLIER GET CANCELLED? aNY ACTION IS REQUIRED BY THE TAX PAYER>
Hi Ma'am, I have doubt . When 26QB initially filed there are 2 mistakes. 1) Date of Deduction 2) Payment of int (actually we need to pay interest initially but we haven't paid that, we paid only TDS amount) . now in 26QB i know we can correct Date of deduction but how to deal with this interest . where to pay that interest and how to updated that payment in return? ....... please reply....
Great Video. Thanks! Intersting Query Buyer deducted & deposited 1% TDS, however short deduction default u/s 200A of 19% TDS as seller's PAN was not linked with Aadhaar and it was not disclosed by Seller. Seller got his PAN linked with Aadhaar after the TDS was deducted. How to get this short deduction default u/s 154 of 19% TDS rectified as correction also didn't resolve the issue. How to get this resolved?
Very nice and informative video :) One query: What is 'date of deduction'? Let me clarify my question: Lets say property's cost is 1 cr and I am paying it in 10 installments (of Rs 10 Lak each). Now out of this 10 lakh, Rs 10,000 is the TDS (1% of Rs 10 lakh). Lets say I paid Rs 9,90,000 on 14/11/2023 (Date of Payment) and I am filing for TDS u/s 26 QB on 12/12/2023 (and paid Rs 10,000 on same date). So in this case what should be the 'date of deduction'? Is it 14/11/2023 or 12/12/2023. Please answer !!
Hello can anyone please tell me wher to include late filing levy fee (tds demand notice)26qbin payment page ..ie principal tax,interst penalty where to include that amount? please help me today last day of payment
Hi, thank you for the explanation. For option 2 when I click on the demand payment on income tax portal e-pay "Demand payment for TDS for property purchase 26QB" is not there. Instead "Demand payment as Regular Assessment Tax (400)" is present. I am assuming the govt. has updated the website. Can you please help me with the latest approach for demand payment
TDS correction main end main seller ke aprove Karne ke baad form ka print leke sign karke district officer ka aproval Lena hota hai kya? Aisa message Aya tha end main jab maine process kiya.
Mam i had got demand and i payed it TDS26QB but after paying do i need to do something else because in traces it is showing the payment i maid earlier as fully consumed and the demand i payed is shown as partially consumed is their anything i need to do?
Hi mam, Nice video.. Just one question how tds is applied in case of 3 seller(mother,father and son) and if 2 seller(mother and father) is in india and son has moved abroad for work and has pan card in india. Father has GPA on behalf of son. All transactions will happen to fathers account.
Respected Madam , I got the notice for short deduction for not deducting 20% tds. While purchasing property seller provided the pan but I wasn’t aware that his pan card was inoperative and I deducted 1% tds as per the rule. Now during tds filing seller pan card was activated and challan got generated. But after challan got generated I got the notice us200a for short deduction. What to do Madam. Plz help. It’s my hard earned money. And there was no ill faith while deducting tds. How to reply the notice. Plz help anyone plz.
Hello Mam, I have made the demand payment from the Income tax portal and not from NSDL..Would that be fine..?? And also will I receive any communication from IT department for the clearance of my penalty..? Kindly guide me regarding the same..
Madam, maine Tds Return 26QB correction ( Mistake in FY ) change karke (Seller ki details pata hai)submit kardi hai lekin Pending for PAN Approval kon karega aur kaise aur kahase karega uski koi jankari muje pata nahi hai to please aap kuch guide kijiye.
Ms. Narang you have explained the complicated topic with so simplicity that a lay person like me was able to understand it so very well. Thank you so much. Please keep up the good work.
Thank you soo much
Thank you so much! Aapka video dekhkar maine default pay kar diye hai. Now waiting for the intimation to see if it has been filed correctly.
Great
Very impressive, I was able to sort out my short deduction default issue. Indeed you are helping many people how don't have CA access to solve their small tax related issues. Thank you🙏
Welcome
बहुत बढ़िया समझाया आपने ....धन्यवाद
Welcome
mam you are best teacher
Thankyou soo much
Thank you so much.
You made the subject so easy....
Very well explained in simple language..
Thankyou
Thanks a lot. This video is very helpful.
Welcome
super explanation mam!
Thankyou
Ma'am, you have really very nicely explained the whole process. Thank you very much.🙏
Welcome
Thank you Ma'am. I had been searching this for long. You made it so easy. Thank you so much.
Thanks for proper and correct procedure explanation.
Thanks
Simply excellent. Pls keep on adding videos like this
Thanks sure
Very comprehensive. And very helpful
Thanks
This has been awesome...was looking for the same guided approach..Thanks
Welcome
THANKS FOR MAKING SUCH A COMPREHENSIVE VIDEO ON THIS MATTER.
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Very well explained. Thanks for this ma'am
Welcome
Thank you for this detailed video, i was confused between intimation number and communication number, your video clarified it. Thank you!!
Welcome
Thank you madam. you save my time.
Welcome
Really nice video..which helped me a lot.
Thanks mam
simple process but very hard to to find how to do this. you video made stuff easy thanks again
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Thank you Very much, Your guidance was very helpful.
Welcome
Thank You for such detailed Explanation.
Really appreciate it !!
Thankss
Nicely explained.
Welcome
Thanks for the information mam it was very helpful, saved my time n money for filing the demand payment on tds
Welcome
Thank you for the guidance.
Welcome
Thank so much. very good. detail explanation. Really appreciate.....keep it up.
Thanku soo much
Excellent Madam. Very easy elaboration. Stay blessed 🙌
Thanks
Perfect . Thank you so much for such clear Explanation.
Welcome
great well explained
Thanks
Good & informative
Thanks
Thanks. This is helpful
Good information thank you mam
Welcoem
Very well explained. Thank you
Welcome
Thank you for this video.very well explained, was confused whether to correct form or do payment.
Welcome
Nice explanation, thx mam
Welcome
very good explanation
Thanks
Very well explained. Thanks!!
Welcome
Thank you for detailed video.👍
Welcome
Thanks for informative video
Welcome
Thanks for discussing on such an interesting topic .
Hoping from you ,some new knowledgeable topics for your viewers in future also.
Definately we will be coming up with latest updates
very nice and helpful video. great job
Thanks
Thanks madam
Welcome
Very nicely explained!
Thanks
Well explained ma’am
Thanku
Thank You
Welcome
Great explanation! Thank you so much ! 🙂
This really helped me
Thank you Mam! It helped!
Welcome
Thank You So much.!! Very well explain
Welcome
Thank you mam for valuable information
Hi Voxcov Academy, I have some doubts regarding payment of the penalty. So in my case I have received demand in which I can see amount they have charged in two sections. First is for Interest on Late Payment and second is Late Filing Levy. So how should I pay this amount under Demand Payment for TDS on property (Sale on Property). Do I need sum the amount of 2(a) + 4(a) = Net Payable and add Net Payable to Interest @ 13:04 on demand payment screen? Also in my case Interest is not auto populating even after adding reference number as shown in the video @13:04. Please help me with this concern asap. Thanks.
Discuss case over call
Hi Bharat, I also fall into same case. Please let me know how you paid the demand
Thanku so much ma'am.
Welcome
Thank you Mam for making this complex process so easy to understand. In the @13:00 of the video, you mentioned the communication reference number. In the intimation letter that I received (regarding default in 26QB) , it did not have any attachment. Is there any way to find this? I am afraid that if I make the payment without the reference number, it may not be successful. Please help !
Did you get it? I have the same question. Please reply
Me too. Please let me know where can I get intimation/ communication reference number
👌👌 Nice video
Thankuu
Thanku Mam
Welcome
I am not getting the Intemation reference number from my justification report . Can you please help ?
Thank you so much
Welcome
thanks mam!!
Welcome
Is there a way to request for appealing to cancel late fine
There is no acknowledgement number given in my Email. what to do?
After going to e pay tax the option is demand payment as regular assessment tax can you guide
How much time AO takes to approve corrected 26qb ?
TDS on property done, property registered after few days it is notice that translation filed what is the remedy. pl explain
Thank you for such a detailed video, after paying the challan we will receive a intimation that defualt is paid?
Madam. We had a short deduction issue and the same is paid now. Do we have to submit correction statement for the short payment of tax or would the seller automatically get the credit for the short deducted amount. please clarify.
What will be nature of payment for default
Very well explained the entire process. I was looking for it since long. What corrections can be made in 26QB form? Can we change seller PAN and enter new PAN of seller?
Can we know how a seller can approve the 26 qb correction if correction through seller pan is opted?
Mam, where to enter the short deduction value in the form. In your case, you showed the interest and put it in respective field. But I have short deduction. Where to put this value. Thanks in advance.
Very good information... Mam, in my case i paid tax late by one year but date of deduction also i mentioned a year old. Now seller not able to get credit of it. Can i change date of dedution to today
Medam I had pay 26qb six month late so, default has been generated so, i have to pay interest and penalty in challan no 280 or in 26qb ???
In 26qb
Thanks for such concise and informative video madam..
I want to ask if seller or AO is taking time to approve, then the penalty will further add up due to delay in correction…and what if correction request rejected by AO or IT Department, then the time in between submission and rejection will be counted as default and more penalties will be imposed or not?
After demand payment for tds on acquisition of immovable property correction in traces site and then outstanding demand after show nil?
Does multiple buyers of same property have to pay the amount for 200A notice if they receive the demand
Mam how to open justification report
not till Fy2017-18.Pl ammend previous MSG.
Madam interest kaise pay kre
maam demand reference number is not available, how to get that ?
Where we get acknowledgement number for login if I want to pay demand for TDS.
We have not recieved mail then how can i get reference number.
Recd email for defaults in TDS return. While downloading the correction request It shows-The latest statement filed for the specified search criteria is not processed, please check later.
What should I do
I am also getting the same issue, did you find the resolution of this?
Hi Mam this is an good video, I am trying to do correction in 26QB from but I am getting below error
No challan has been deposited yet for the 26QB
can you please help me to resolve above issue.
Hi
I have a query. I have purchased a property but while paying the TDS the seller PAN and Aadhar was not linked, and now I received the defaulted receipt from tax department. Is following the same steps of correction work after my seller links his pan and aadhar?
Hi ,Did you get any resolution. Pls let us know
Yes
Ma'am I just filled it. I put interest inside interest section and total levy inside 234 section. Is that correct? I have one more doubt like is intimation reference number same as correction reference number? Now we receive as correction reference number
Yes
@@voxcovacademy6945 can I get your helpline number. I have some queries.
I have got 2 different communication reference number against same acknowledgement. One was for original and now I made some details correction and again got new intimation reference with same amount on same acknowledgement number
wHEN THE DEFAULT IS CORRECTED AND I GET A MAIL THAT NO DEFAULT IS NOTICED, DOES THE 200a NOTICE ISSUED EARLIER GET CANCELLED? aNY ACTION IS REQUIRED BY THE TAX PAYER>
Hi Ma'am, I have doubt . When 26QB initially filed there are 2 mistakes. 1) Date of Deduction 2) Payment of int (actually we need to pay interest initially but we haven't paid that, we paid only TDS amount) . now in 26QB i know we can correct Date of deduction but how to deal with this interest . where to pay that interest and how to updated that payment in return? ....... please reply....
On income tax website login and go to epay tax...there is an option of demand payment for TDS on Property..from there you have to pay interest
@@voxcovacademy6945thankyou so much .
Great Video. Thanks!
Intersting Query
Buyer deducted & deposited 1% TDS, however short deduction default u/s 200A of 19% TDS as seller's PAN was not linked with Aadhaar and it was not disclosed by Seller. Seller got his PAN linked with Aadhaar after the TDS was deducted. How to get this short deduction default u/s 154 of 19% TDS rectified as correction also didn't resolve the issue. How to get this resolved?
In my case I got notice even after linking pan and Aadhar, do you have any idea how to rectify it
@puneetarora9742 can you please let me know if your issue is resolved??
I have the same query as of yours please help me out if its resolved.
@@sagaragarwal4816 No resolution
@@puneetarora9742 so u paid 19% tds for the default?
Very nice and informative video :)
One query: What is 'date of deduction'?
Let me clarify my question: Lets say property's cost is 1 cr and I am paying it in 10 installments (of Rs 10 Lak each). Now out of this 10 lakh, Rs 10,000 is the TDS (1% of Rs 10 lakh). Lets say I paid Rs 9,90,000 on 14/11/2023 (Date of Payment) and I am filing for TDS u/s 26 QB on 12/12/2023 (and paid Rs 10,000 on same date). So in this case what should be the 'date of deduction'? Is it 14/11/2023 or 12/12/2023.
Please answer !!
12/12/2023
Hello can anyone please tell me wher to include late filing levy fee (tds demand notice)26qbin payment page ..ie principal tax,interst penalty where to include that amount? please help me today last day of payment
Did you get any answer for this ?
At the time of online payment these bifurcation are shown
Hi, thank you for the explanation. For option 2 when I click on the demand payment on income tax portal e-pay "Demand payment for TDS for property purchase 26QB" is not there. Instead "Demand payment as Regular Assessment Tax (400)" is present.
I am assuming the govt. has updated the website. Can you please help me with the latest approach for demand payment
What was the solution for this
TDS correction main end main seller ke aprove Karne ke baad form ka print leke sign karke district officer ka aproval Lena hota hai kya? Aisa message Aya tha end main jab maine process kiya.
Mam, if i change date of payment according to the demand
Then demand will clear?
Please let me know if you get the answer
No
Mam i had got demand and i payed it TDS26QB but after paying do i need to do something else because in traces it is showing the payment i maid earlier as fully consumed and the demand i payed is shown as partially consumed is their anything i need to do?
Thanks for detailed explanation.
what will be the next action if we select AO instead of seller PAN?
did u get the answer of this question? If yes then please update me too? I just made the correction in mine.
Hi mam, Nice video.. Just one question how tds is applied in case of 3 seller(mother,father and son) and if 2 seller(mother and father) is in india and son has moved abroad for work and has pan card in india. Father has GPA on behalf of son. All transactions will happen to fathers account.
Pls discuss on call
Respected Madam , I got the notice for short deduction for not deducting 20% tds.
While purchasing property seller provided the pan but I wasn’t aware that his pan card was inoperative and I deducted 1% tds as per the rule.
Now during tds filing seller pan card was activated and challan got generated.
But after challan got generated I got the notice us200a for short deduction.
What to do Madam. Plz help. It’s my hard earned money. And there was no ill faith while deducting tds. How to reply the notice. Plz help anyone plz.
Discuss over call
@@voxcovacademy6945 sure. What’s the best time to call?
Did u get the solution for this?
Solution please ?
@voxcovacademy6945 please reply
Seller ko action kha lena h
Superb explanation mam. Do we have to provide demand Challan to seller or anything else to seller apart from form 16b
Hello Mam, I have made the demand payment from the Income tax portal and not from NSDL..Would that be fine..?? And also will I receive any communication from IT department for the clearance of my penalty..? Kindly guide me regarding the same..
Madam, maine Tds Return 26QB correction ( Mistake in FY ) change karke (Seller ki details pata hai)submit kardi hai lekin Pending for PAN Approval kon karega aur kaise aur kahase karega uski koi jankari muje pata nahi hai to please aap kuch guide kijiye.
Seller approve karega
seller kaha se approve karega
@@rahullad8613 Seller open traces site as status of Tax payer & check Track correction request. Then he approves