Correction of 26QB Using Electronic-Verification[Net Banking]

Procedure to E-Verify (Net Banking)
E-Verified Service link is available at banks website:

  • Step 1 : When user logs in to Bank website and selects option “Click of view 26AS”
  • Step 2 : It gets navigated to a new page which shows link “E-Verified services on TRACES”
  • Step 3 :On click of E-verified button, user gets navigated to the TRACES website with the pre populated username and PAN.
  • Step 4 : Login on TRACES as a taxpayer by entering password(user ID & PAN will be auto populated)
  • Step 5: Select option “ online correction” under “26QB” tab to initiate correction request.
  • Step 6: Select Appropriate Assessment year, Sellers PAN number and Acknowledgement number of the 26QB for which request of correction is to be placed.
  • Step 7: Go to “ Track Correction Request” under “26QB” and initiate correction once the status is “ Available” for the request placed for the correction
  • Step 8: After submitting the correction, an correction ID will be generated through which status of correction can be tracked.

If DSC is not registered ,furnish hard copy of acknowledgement of form 26QB correction his Identity Proof, PAN Card, the documents related to Transfer of Property and the proofs of payment made, to Jurisdictional AO for verification

This facility helps taxpayers to get verified through net banking
This can be used for submitting 26 QB Correction request without Digital Signature and approval from Assessing Officer

  • This Option is not available for NRI Taxpayers

26QB Correction – Using E-Verification (Net Banking)
When user logs in to Bank website on click of View 26AS, it gets navigated to the Traces page.
 
On click of E-verified services link or TAB user gets navigatOn click of E-verified button, user gets navigated to the TRACES website with the prepopulated username and PAN, User can login and Initiate 26QB correction
 
Logging request for 26QB correction
 
26QB Correction (Checklist while applying for correction)

SL No Conditions Applicable
1. 26QB filed by Buyer has been processed
2. Only Buyer can submit request for 26QB Correction
3. If Buyer files 26 QB correction and Seller is known, correction can be submitted through e-Verify(Net Banking) / AO approval / DSC (If Buyer is DSC registered) for updating PAN details (Buyer / Seller)
4. If Digital Signature is not registered for Buyer and Seller is unknown , the correction request can be submitted through AO Approval option for updating PAN Details (Buyer / Seller)
5. If Digital Signature is not registered for Buyer and Seller is known , the correction request can be submitted through e-Verify (Net Banking) / AO Approval options for PAN Details (Buyer / Seller) update
6. Software (available in Hard Token) provided by the Digital Signature Vendor is required to be installed on System while submitting 26 QB correction request if Buyer is opting for DSC
7. If PAN of Seller is updated, the correction submitted will require previous Seller ‘s approval if seller is known otherwise Buyer can opt for AO approval
8. If PAN of Buyer is updated, the correction submitted will require Seller’s and updated Buyer’s approval. If Seller is unknown Buyer can opt for AO approval.
9. If PAN of Seller and PAN of Buyer are updated, the correction submitted will require previous Seller ‘s and updated Buyer’s approval. If Seller is unknown Buyer can opt for AO approval.
10. Jurisdictional AO will be decided based on Buyer’s PAN’s (PAN submitting the correction) jurisdiction
11. In case there is a difference between 26 QB data and 26 AS generated. Kindly submit a correction statement by updating values in either property address or e-mail id or mobile number
12. Please enter Assessment Year based on date of Payment / Credit to seller as per 26 QB

26QB Correction (Checklist while applying for correction)
26QB Correction (Cont.)
 
26QB Correction (For Buyer)
26QB Correction (For Buyer)
26QB Correction (Request Number Generated)
26QB Correction (Request Number Generated)
26QB Correction (View Request Status)
26QB Correction (View Request Status)26QB Correction (Enter Challan Details)
26QB Correction (Enter Challan Details)
26QB Correction (Financial Year and Tax Applicable)
26QB Correction (Financial Year and Tax Applicable)
26QB Correction (Financial Year and Tax Applicable)
26QB Correction (Financial Year and Tax Applicable) 2
26QB Correction (Updating Buyers Details)
26QB Correction (Updating Buyers Details)
On applying correction to Buyer or Seller or both, user will be asked to confirm if seller is known or unknown.
26QB Correction (Updating Seller Details)
26QB Correction (Updating Seller Details)
On applying correction to Buyer or Seller or both, user will be asked to confirm if seller is known or unknown.
26QB Correction (Updating PAN of the Seller)
26QB Correction (Updating PAN of the Seller)
26QB Correction (Updating PAN of the Seller)
If user updates PAN of the seller, by clicking on “ AO” Tab user is prompted with the below dialogue box:
26QB Correction (Updating PAN of the Seller) 2
User is navigated to final submission page where taxguru.in buyer is prompted with the below dialogue box and on continuing, the request gets submitted to AO for approval post PAN’s approval if needed.
26QB Correction (Updating PAN of the Seller) 3
26QB Correction (Updating Property Details)
26QB Correction (Updating Property Details)
26QB Correction (Updating Amount Paid / Credited)
26QB Correction (Updating Amount Paid Credited)
26QB Correction (Cont.)
26QB Correction (Cont.) 2

26QB Correction (Cont.) 3
26QB Correction (Cont.) 4

26QB Correction (Cont.) 5
26QB Correction – Request submitted
26QB Correction – Request submitted
26QB Correction – Acknowledgement:-It will be generated, only if buyer opts for AO approval
26QB Correction Acknowledgement It will be generated only if buyer opts for AO approval
26QB Correction – Tracking correction request(Buyer has selected E-verification)
26QB Correction – Tracking correction request(Buyer has selected E-verification)
26QB Correction – Tracking correction request(Buyer has selected approval from AO)

 

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