TDS Statement U/s 194-IA Now Rectifiable !

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Filing of TDS statement is extra burden for buyer of property because whenever you buy property above RS 50 Lakhs , you are responsible for deduction of tax at source under Section 194IA   of the Income Tax Act and filing Form  26QB that  is  an online   statement-cum-Callahan . As on today , if any error crepts in filling  details  of buyer,  seller,  property  being sold,   sale  consideration,    tax deposit  details   etc. , there were no facility for correction of the error . Now,  CPC-TDS  has enabled   functionality    for online correction  in form 26QB  from 29/02/2016.  

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