(Q1.)What is "E-Verification (Internet Banking) Service"?
- This facility helps taxpayers to submit 26QB Correction through Internet Banking. This facility helps taxpayers to get verified through Internet banking to submit correction.
(Q2.)What is the procedure to submit 26QB correction through "E-Verification (Internet Banking) Service"? - E-Verification Service link is available at banks website:
- User has to log in to Bank Website and click on link "View26AS/Annual Tax Statement".
- It gets navigated to a new page which shows link "E-Verified services on TRACES".
- Click on "E-Verified services on TRACES", user gets navigated to the TRACES website with the pre populated User name and PAN of Taxpayer. This facility helps taxpayers to get verified through Internet banking. This can be used for submitting 26QB Correction request without Digital Signature and approval from Assessing Officer in some cases.
(Q3.)Is "E-Verification (Internet Banking) Service" available for NRI services of TRACES?
- No, This Option will not be available for NRI Services of TRACES i.e. www.nriservices.tdscpc.gov.in.
(Q4.) Is it necessary to register on TRACES as a Taxpayer if I have been E-Verified (Internet banking)?
- Yes, Registration on TRACES as a Taxpayer is essential even if you get E-Verified through Internet banking to submit 26QB Correction.
(Q5.) What all 26QB corrections can be submitted using E-Verification (Internet Banking) service?
- Following critical corrections are permissible using E-Verification service (Internet Banking):
PAN Details (Buyer / Seller)
Financial Year
Amount Paid / Credited
Note:
Apart from above mentioned fields if 26QB correction is done (for example Land / Building/ Address/ Assessment Year) E-Verification (Internet Banking) / Assessing Officers approval / Digital Signature Certificate is not required. (Q6.)If DSC (Digital Signature Certificate) is not registered at TRACES, what all other options are available to submit 26QB correction?
- If DSC is not registered at TRACES, then correction request can be submitted through E-Verification (Internet Banking) or AO approval or Aadhaar Authentication.
(Q7.)In case where Buyer is a Corporate Taxpayer/ Non-Individual, Is 26QB correction permissible with E-Verification (through Internet banking)?
- Yes, this facility is also available for Corporate Taxpayer/ Non-Individual. With E-Verification Internet banking user will be able to submit 26QB Correction online.
(Q8.) Can a user submit correction through E-Verification (Internet banking) if DSC is already registered?
- Yes, 26QB correction can be submitted through E-Verification (Internet banking) if DSC is already registered at TRACES.
(Q9.)If I have submitted 26QB Correction request to Assessing Officer, can I still validate it using "E-Verification (Internet Banking) Service"?
- No, once the request has been submitted to Assessing Officer it cannot be validated using "E-Verification Service" (through Internet Banking).
