TIN system will direct you to net-banking/Debit card facility of your bank.

You will have to log on to the net banking site of your bank using your login ID and password/PIN provided by the bank.

view form 26q online dating-46

Step 4 You can now verify the details entered by you.

In case you have made a mistake in data entry, click on “EDIT” to correct the same.

Please follow the steps as under to pay tax online:- Step 1 Step 2 After selecting the form you will be directed to the screen for entering certain information.

Example:- a) Permanent Account Number of the Tenant and Landlord b) Address of the Tenant and Landlord as well as the Property being let out c) Financial Year will be populated on the basis of Date of Payment/Credit selected in the Form.

80,000 for 6 months Explanation: - In this case, Mr. at the end of tenancy period (on November 30, 2017).

Following values will be captured in the below fields: Form 16C is the TDS certificate to be issued by the deductor (Tenant of property) to the deductee (Landlord of property) in respect of the tax deducted and deposited as TDS on rent under section 194-IB of the Income-tax Act, 1961.

Any change required in the name displayed as per the PAN Master can be updated by filling up the relevant change request forms for PAN. Step 5 After confirmation an option will be provided for submitting to Bank.

On clicking on Submit to Bank, deductor (as per the mode of payment selected while filling the form) will have to key in the debit card details or login to the net-banking site with the user ID/ password provided by the bank for net-banking purpose and enter payment details at the bank site.

d) Major Head Code - Indicates the type of tax applicable viz; Corporation Tax (Companies)/ Income Tax (Other than Companies) will be populated based on Landlords PAN e) Total Value of Rent Payable f) Period of Tenancy g) Date of Payment/Credit h) Date of Deduction i) Amount Paid/Credited j) TDS Amount k) Select the option for “Payment of taxes immediately” It is important to ensure that PAN of Tenant and Landlord are correctly mentioned in the form.

There is no online mechanism for subsequent rectification.

Deductor will have to approach the TDS - Assessing Officer or CPC-TDS for rectification of errors.