13 March 2025
I followed the below process for claiming TDS refund on cancelled property deal: In case of refund of TDS for Form 26QB, the buyer/deductor has to log-in to TRACES portal as a ‘Taxpayer’. Step 1: Log in to TRACES – Enter User Id, Password, PAN and captcha Step 2: Navigate to Statements / Forms > Request for Refund. Step 3: Read the Refund Checklist and click on Proceed Step 4: Select one of the reasons and click on ‘Add Challan‘ Step 5: Mention the reason for raising the refund request in the space provided. Step 6: Enter the challan details. Click on ‘View Challan Details’ Step 7: Click the Challan Consumption Details Step 8: Tick the appropriate checkbox and click on ‘I Agree‘ On the landing page, One can Add Challan or Remove the Added Challan. Step 9: Click on 'Proceed' to continue. Step 10: Enter the Communication Address and Bank Address Step 11: Verify the details of Authorised Person. Click on 'Proceed' to continue. Step 12: On next page, Click on ‘Submit Refund Request‘ Step 13: Validate 26QB Refund Request with DSC. Click on 'Proceed' to continue. Success message will be displayed on the screen. One can Preview and Print Form 26B Acknowledgment.
HOWEVER, On entering challan details, when I click 'View Challan details', challan details are not displayed. Instead there is a remark in red "Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than ₹1." Please guide. Do I need to revise my 26QB first, If yes, what changes should be made in that