Bank challan amount of form 26qb is not matching with tds paid amount of form 16b

Manash Dutta (1 Points)

21 January 2019  

Me and my wife have bought a property recently and we have made two payments till now. As we both are owners of this property, we are paying the TDS  in each payment from both of our end. While filing the TDS for the first payment of Rs. 2,24,000, we made some mistakes - 

1) In both Form 26QB, by mistake, we entered the total booking price (amount including tax) at “Amount paid” field, which is Rs. 2,24,000.00. we should have considered the amount excluding tax which is Rs. 197754, so correct entry would have been (197754/2) = 98877 in each form 26QB.

2) In both form 26QB, by mistake, we entered Rs. 2240 as TDS paid. The correct TDS paid would have been (1977.54/2)= 988.77 in each form 26QB.

3) In both of the bank challan amount (which has been paid online), the challan amount which has been paid by mistake is Rs.1120. Correct payment would have been Rs. 988.77 each.

So, as you can see, there were some mistakes from our side in filing the TDS for the first payment. Therefore, while making the second payment to the seller and filing the TDS for that, we tried to rectify those mistakes by adjusting the "Amount paid", "TDS paid"  and the bank challan amount.

But now, both form 16B of our second TDS payment, are showing wrong amount as TDS paid - me and my wife has paid online Rs. 1804 in bank challan on 28-12-2019. But the form 16B of me and my wife is showing the TDS paid as Rs. 683.60, it should show Rs. 1804 as TDS paid in each form 16B. Though challan number is matching with the number mentioned in form 16B, but challan amount is not matching. The challan amount is not matching with the amount mentioned as TDS paid in form 16B, though the challan number is matching.  Challan amount is Rs. 1804 in both challans, but each form 16B is showing the TDS paid as Rs. 683.60. 

 

Payment 1:

Booking amount

224000

It includes:

 

Price of flat

110834

Car Park

45000

FLC

28820

PLC

13100

Total Amount (Excluding Taxes)

197754

in both Form 26QB, by mistake, I entered the total booking price (amount including tax) at “Amount paid” field, which is Rs. 2,24,000.00. I should have considered the amount excluding tax, so correct entry would have been (197754/2) = 98877.

While filling up Form 26QB for this payment, we both paid the TDS as follow:

Form 26QB of Me

 

Incorrect Entry Made

 

Correct Entry would have been

Amount paid which has been shown in form 26QB

 

224000

98877

TDS paid which has been shown in form 26QB

 

2240

988.77

Challan amount which has been paid online

1120

 

 

Form 26QB of my wife

 

Incorrect Entry Made

 

Correct Entry would have been

Amount paid which has been shown in form 26QB

 

224000

98877

TDS paid which has been shown in form 26QB

 

2240

988.77

Challan amount which has been paid online

1120

 

 

 

Amount Paid shown in my 26QB

224000

Amount Paid shown in my wife's 26QB

224000

Total of “Amount Paid” shown by mistake

448000

 

Total of amount paid shown by mistake

448000

Correct amount paid would have been

197754

Excess amount shown as paid

250246

 

TDS Paid by Me

 

1120

TDS Paid by my wife

 

1120

Total TDS paid

2240

 

 

Total TDS paid by mistake is

 

2240

Correct TDS would have been

1977.54

Excess TDS paid

262.46

excess paid TDS by Me= 262.46/2 = 131.23

excess paid TDS by my wife= 262.46/2 = 131.23

Payment 2:              

Remaining of Application amount    =                                     433402

This amount consists of                     

Price of flat                                             =                                    386966

Therefore, amount paid excluding taxes =                            386966                                                                                                                                                      

As excess amount of Rs. 250246 has been shown before in Amount paid field of form 26QB of payment 1, so total amount paid to show in payment 2 now = 386966 - 250246 = 136720.   Therefore, in both Form 26QB, I needed to enter the amount paid as (136720/2) = 68360.

Form 26QB of Me

Amount paid to show due to error in 26QB of payment 1

68360

TDS to show in 26QB

683.6

In case of no previous error, Amount paid in 26QB should have been

193483

In case of no previous error, TDS would have been

1934.83

   To rectify excess TDS payment done before, TDS to pay now in challan = 1934.83 - 131.23 = 1803.6

Form 26QB of my wife

Amount paid to show due to error in 26QB

68360

TDS to show in 26QB

683.6

In case of no previous error, Amount paid in 26QB should have been

193483

In case of no previous error, TDS would have been

1934.83

To rectify excess TDS payment done before, TDS to pay now in challan = 1934.83 - 131.23 = 1803.6.

Hence, me and my wife has paid online Rs. 1804 in bank challan on 28-12-2019. But the form 16B of me and my wife is showing the TDS paid as Rs. 683.60, it should show Rs. 1804 as TDS paid. The challan numbers are matching with the challan number mentioned in Form 16B, but the challan amount is not matching

What to do now? Can somebody please help me with a proper advice? I called up TDSCPC customer care and they are telling me to opt for a TDS refund. But I have not paid any extra TDS and so I cant ask for any refund. The total amount I have paid as amount paid in form 26QB of payment 1 and payment 2 is Rs. 584720 and the total TDS I have paid till now is Rs. 5848 - so exactly 1% of the total amount paid. So, There is no meaning of asking for a TDS refund. I have already paid the exact 1% TDS of the total amount paid. 

Here the actual problem is - both form 16B is showing wrong amount as TDS paid, they need to be rectified. 

Can someone please help me?