in this part of income tax updates we
will discuss enable meant of 26 QV form
related TDS on sale of property
correction facility and role of TDS
officers dated April 2nd 2016 quality
for correction of form 26 QV has been
made available online from 29th of
February 2016 to the deductr spires
hence the buyer whose pan exists in form
26 QV can log into WWE DSC PC Govan and
make the correction request for the
following fields 1 yield which can be
changed
buyers pan when buyers pinaka 1111 a is
to be changed to pen 1111 v with digital
signature once request is raised by
prior with digital signature aap a 1111
a the same will be pushed to the seller
and the new buyer BBB PB 1111 B as soon
as both of them approve the pen will be
updated without digital signature once
request is raised by buyer without
digital signature aap a 1111 a the same
will be pushed to seller in the new
buyer BBB PB 1111 B for approval as soon
as both of them approved the correction
by logging into traces the ticket will
be sent to TDS AO for physical
verification of the facts and the
genuineness of the buyer TDS AO if
satisfied can
approved the same from his inbox please
note whenever pan of fire is updated the
same may impact major head in category
of pen this will be taken care of by the
system itself before the request is
raised to 2 field which can be changed
seller's pan when sellers pan is to be
updated from CC CPC 1111 C to D D D P D
1111 D with digital signature once
request is raised by fire with digital
signature the same will be pushed to the
existing seller CCC PC 1111 C for
approval as soon as he/she approves the
same the pen will be updated without
digital signature once request is raised
by buyer without digital signature the
same will be pushed to the existing
seller CCC PC 1111 C for approval as
soon as he/she approves the same the
request will be sent to TD Sao for
physical verification of the facts and
the genuineness of the buyer and the
seller TD Sao if satisfied can then
approve the same from his inbox please
note whenever pan of seller is updated
the same may impact category of pen this
will be taken care of by the system
itself before the request is raised
three field which can be changed
fires address with digital signature
Apple approval without digital signature
Auto approval for field which can be
changed
sellers address with digital signature
auto approval without digital signature
Auto approval five field which can be
changed property details including
property value with digital signature
Auto approval without digital signature
Auto approvals six field which can be
changed amount paid credited amount
payable to the transferor seller with
digital signature auto approval without
digital signature once request is raised
by buyer without digital signature the
same will be sent to TDS AO for
verification of the amount and the
genuineness of the buyer TDs AO if
satisfied can then approve the same from
his inbox seven field which can be
changed date of payment to the seller
with digital signature auto approval
without digital signature once request
is raised by fire without digital
signature the same will be sent to TDS
AO for verification of the date and the
genuineness of the buyer TDS AO if
satisfied can then approve the same from
his inbox please note that financial
year should always be in confirmation
with the date of payment the same will
be taken care of by system itself before
the request is raised it
eight field which can be changed date of
tax deduction with digital signature
Auto approval without digital signature
once request is raised by buyer without
digital signature the same will be sent
to TD Sao for verification of the date
and the genuineness of the buyer TD Sao
if satisfied can then approve the same
from his inbox who in all the cases
where approval by AO is required
deductr will be prompted to approach the
TDS assessing officer with hard copy of
the correction request sample attached
also it is to be noted that when the
request is raised without using digital
signature the system cannot establish
the identity of the person involved
therefore in such a case it is forwarded
to the tds AOS
along with the documents uploaded by the
deductr at the time of raising the
request for verification and approval
rejection hence tds AOS should pay due
diligence and verification of the facts
of the case and the genuineness of the
persons involved before approving the
ticket especially when change in
ownership or amount is involved TDS AO
may like to ask for the identity proof
and pan card of prior along with the
documents related to transfer of
properly and the proofs of payment made
to verify the amount of property date of
payment property details etc 3
three the aforesaid correction requests
will be distributed equally to TDS AOS
of the region to which the pen of the
Brier belongs and the same will be
available in the form of tickets in
their traces in box under tickets menu
the following procedure may be used to
approve reject these tickets I click on
tickets menu I I click on inbox 3 click
on the corresponding ticket number for
download the attached documents from
communication details tab we click on
action V select 26 QB tab to see details
of correction VI click on approve reject
as the case may be
is important for us write us a TLD see
Tully at gmail.com call us at zero nine
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