26QB correction request
This query is : Resolved
24 September 2023
I bought property in mumbai and paid 1% TDS of property value..on the same day I got default notice to payment Additional 19% as a penalty because seller PAN and Adhaar was not linked later we got it linked and filed correction in traces but still got the same default notice....now how to get this notice null & void since PAN and Adhaar both are linked now
29 September 2023
You can select appropriate option while rectifying or create a ticket on the same
30 September 2023
There are no such options available. Have tried all
06 July 2024
To resolve the issue of the penalty notice for non-linking of PAN and Aadhaar of the seller, even after you have linked them and filed corrections, you can follow these steps:
1. Verify PAN and Aadhaar Linking:
• Double-check on the TRACES portal that the seller’s PAN and Aadhaar are correctly linked. Ensure that the linking process was completed successfully.
2. Correction Process:
• If you have already filed a correction on the TRACES portal after linking PAN and Aadhaar, ensure that the correction was done correctly and all required details were updated.
3. Communication with Assessing Officer:
• Contact the Assessing Officer (AO) or the jurisdictional TDS officer directly through email or by visiting the office. Explain the situation clearly, providing proof of the corrected details and the linking of PAN and Aadhaar.
4. Submit Documents:
• Submit copies of the updated PAN card and Aadhaar card of the seller, along with any other relevant documents, to support your case.
5. Request for Rectification:
• If the penalty notice persists despite your efforts, request for rectification or cancellation of the notice due to the linking of PAN and Aadhaar.
6. Follow-up:
• Follow up regularly with the Assessing Officer or the designated authority to check the status of your request. Document all communications and keep records of submitted documents.
1. Verify PAN and Aadhaar Linking:
• Double-check on the TRACES portal that the seller’s PAN and Aadhaar are correctly linked. Ensure that the linking process was completed successfully.
2. Correction Process:
• If you have already filed a correction on the TRACES portal after linking PAN and Aadhaar, ensure that the correction was done correctly and all required details were updated.
3. Communication with Assessing Officer:
• Contact the Assessing Officer (AO) or the jurisdictional TDS officer directly through email or by visiting the office. Explain the situation clearly, providing proof of the corrected details and the linking of PAN and Aadhaar.
4. Submit Documents:
• Submit copies of the updated PAN card and Aadhaar card of the seller, along with any other relevant documents, to support your case.
5. Request for Rectification:
• If the penalty notice persists despite your efforts, request for rectification or cancellation of the notice due to the linking of PAN and Aadhaar.
6. Follow-up:
• Follow up regularly with the Assessing Officer or the designated authority to check the status of your request. Document all communications and keep records of submitted documents.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
