DSC stands for Digital Signature Certificate. Certifying Authority (CA) issues DSC. Further it is a secure digital key that certifies the identity of the holder. Therefore it is in the best interest of the businesses and individuals to apply for digital signature as it provides a high level of security. In addition it ensures the privacy of the information for online transactions exchanged by using a Digital Signature. You can apply for DSC registration through Safescrypt or e-Mudra.
It is a traditional paper-based method. Further it requires you to fill an application form. And submit it along with the scanned copies of Address proof, ID proof, etc. But this option is available only for the organization certificate.
eKYC
It is the Paperless Know Your Customer (KYC) method. Where your identity and address are verified electronically using your Income Tax Permanent Account Number (PAN) or Aadhaar Paperless offline eKYC. However this option is available only for Individuals.
The process to apply for DSC through Safescript
Below are the steps to apply for DSC Registration through Safescrypt:
Visit the Safescrypt website
Select “Digital Signature Certificate” from drop-down of “Services” on the Safescrypt website. Fill in the Basic information.
Acquire the DSC(Digital Signature Certificate) application form.
Further fill in the form, you need to mention : – Usage type – Class type – User type – Certificate type – Certificate Validity
Fill the Applicant Details
Fill in all the necessary details in the Form Name, gender, contact number, email Id, etc.
Provide all the necessary documents such as address proof, identity proof, etc
In addition, all the documents provided for address proof & identity proof must be attested by an attesting officer. Further documents can be validated in two ways: – Online: Using Aadhar number, the user has to enter the Aadhar number and registered mobile number to get an OTP. In order to validate and verify enter the OTP on the website. Whereas, this option is available only for Individuals. – Offline: Users can courier the attested documents to the Specified address mentioned. Self Attested and Attested by Company Secretary or Bank Manager or Post Master or Gazetted Officer or Registration Authority. However, this option is available only for an organization.
Make necessary Payment.
After online verification of the documents the payment gateway opens up to make the payment. Once the payment is successful it notifies the admin team and delivers the credentials
Confirmation is sent on Email Id and Mobile number.
Further, creates a User account along this process. A a confirmation email and SMS sent to the respective email id and mobile number. Mentioning the Unique Id, Login credentials, Payment details, and Status
FAQs
How long do digital signatures remain valid?
Normally, a key expires after one year. However, there are many cases where it is necessary for signed documents to be regarded as legally valid for much longer than two years.
What happens when you sign a file using DSC?
When you digitally sign information, you are giving the recipients the ability to determine that the contents of the document have not been altered. And are true since you signed it.
Why do I need Digital Signature?
A Digital Signature Certificate authenticates your identity electronically. Therefore, it also provides you with a high level of security for your online transactions by ensuring the absolute privacy of the information exchanged using a Digital Signature Certificate.
DSC stands for Digital Signature Certificate. DSC is an electronic form of signature. It helps to authenticate the identity of the sender of a message or the signer of the document. DSC is stored in a USB drive. e-Mudra, the Certifying Authority appointed by the Controller of Certifying Authority (CAA) issues DSC. Further, you can apply for DSC online by visiting the e-Mudra Site.
Class 1, 2, and 3 are the types of Digital Signature Certificates. Class 1 is verified against an email address and holds no legal liability. While class 2 confirms against a pre-verified database. Whereas, Class 3 is the highest form of DSC that aids in establishing the identity of the individual in e-commerce and e-tendering.
Paperless DSC:
Aadhar-based e-KYC Verification DSC: The applicant can apply Aadhar based E-KYC verification DSC using Paperless mode. Further it is an easy and fastest way to make DSC. Therefore the whole process of Paperless DSC will save your time, money, efforts and it is totally secure. Above all you can apply for it through the e-Mudra website which has an option of Paperless DSC.
PAN-based e-KYC Verification DSC: The greatest advantage of this Pan-based Paperless DSC however, is that one can apply for this type of DSC online anytime or anywhere.
Procedure to apply for DSC online
Follow the below procedure in order to apply for DSC online:
Visit e-Mudra website
Go to e-Mudra website and click on “Buy Digital Certificate”. Select the class type, user type, certificate validity, certificate type, and KYC option.
Enter required information for DSC
You will be guided to the Buy Digital Certificate section. Fill in the required information and click on Proceed.
DSC Application Form will appear.
Fill in all the necessary details in the Form based on your selection Aadhaar or Pan.
You will receive an OTP on the mobile number registered.
Enter the OTP and Type the desired name and PIN.
Click on “Verify and Proceed”
Verify and Authenticate with the OTP.
Make payment for application of Digital Signature Certificate
Now apply for DSC. Select the Digital Signature of your choice.
Verify Certificate Information
E Sign using the User Id, PIN, and OTP. After that click on “Submit”. Application ID shall be generated. Note down the Application ID for future use.
You will be directed to Video Recording Portal.
Further continue to Video Recording in order to process the application.
Click on Start Recording and answer the following questions as prompted:
Have you applied for DSC?- Yes I have applied for DSC. What is your name? – Your name as per Aadhar/Pan. What is your date of birth?- After that preview and Submit
FAQs
Are Digital Signature Certificate legally valid in India?
Yes, subsequent to the enactment of Information Technology Act 2000 in India, Digital Signature Certificates are legally valid in India. Certifying Authorities issue Digital Signature Certificates
Why do I need a DSC?
A Digital Signature Certificate authenticates your identity electronically. Additionally, it also provides you with a high level of security for your online transactions. Further it ensures the absolute privacy of the information exchanged using a Digital Signature Certificate.
Can I use DSC for multiple e-mail addresses?
No, you cannot. A digital signature certificate can have only one email address.
DSC stands for Digital Signature Certificate. Certifying Authority (CA) issues DSC. It is in the best interest of the businesses and individuals to apply for digital signature as it provides you high level of security. And ensures the privacy of the information for your online transactions exchanged by using a Digital Signature.
DSC is an electronic form of signature. It helps to authenticate the identity of the sender of a message or the signer of the document. DSC is stored in a USB drive. It contains information such as user name, PIN code, E-mail address, date of issuance of the certificate, etc. It ensures:
Originality of document
Easy transportability
Confirmation of Identity of sender
High-level security for online transactions by ensuring privacy.
Types of DSC
As an applicant, before you proceed towards DSC registration, it is important to know about the types of DSC’s. The purpose for which the Digital Signature Certificate is obtained defines the kind of DSC one must apply for depending on the need. The Certifying Authority(CA) issues DSCs that fall into the following three categories:
Class 1 Certificates: Certifying Authorities shall issue Class 1 certificates for both business personnel and private individuals use. And it helps to confirm that the user’s name and email contact details lie within the database of the certifying authority.
Class 2 Certificates: They issue these certificates for both business personnel and private individuals use. Class 2 certificate is mandatory for individuals who have to sign manual documents while filing returns with the ROC. In addition, these certificates will confirm that the information in the application provided by the subscriber does not conflict with the information in well-recognized consumer databases
You can use Digital Signature Certificates for the following: – For sending and receiving digitally signed and encrypted emails. – For carrying out secure web-based transactions, or to identify other participants of web-based transactions. – In eTendering, eProcurement, MCA [for Registrar of Companies efiling], Income Tax [for efiling income tax returns] Applications and – also in many other applications. – For signing documents like MSWord, MSExcel and PDFs. – A pivotal role in creating a paperless office
Where can I get Digital Signature Certificate?
Legally valid Digital Signature Certificates are issued only through a Controller of Certifying Authorities (CCA), Govt. of India, licensed Certifying Authorities (CA), such as eMudhra. Further, it offers secure digital signatures through various options tailored to suit individual as well as organizational needs.
Why do I need a Digital Signature?
A Digital Signature Certificate authenticates your identity electronically. Therefore it provides you with a high level of security for your online transactions by ensuring absolute privacy of the information exchanged using a Digital Signature Certificate. Further, you can use certificates to encrypt information such that only the intended recipient can read it. You can digitally sign information to assure the recipient that it has not been changed in transit. And also verify your identity as the sender of the message
DSC i.e. Digital Signature Certificate is an electronic signature which is used to sign electronic documents or to access information or services on the internet. The certificate contains the following details of the user – name, pin code, country, date of issue, date of expiry and name of the certifying authority. To use DSC services on Income Tax E-filing Portal, the taxpayer should use the DSC Management Utility to generate a signature file. To submit ITR or submit a Form online on Income Tax website, taxpayer should generate signature file from DSC Management Utility.
The signature file from DSC Utility can be used to avail the following services on the Income Tax E-filing Portal:
Extract the zip folder. Click on DSC_MGMT_UTILITY.jar to open the utility
Tab – Submit ITR / Form Online
Select the tab ‘Submit ITR / Form Online’. Enter the required details: a. E-filing User ID – Enter the username of the account on income tax e-filing portal. Following are the User IDs for different types of users. b. Enter PAN of the DSC – Enter PAN (Permanent Account Number) of the holder of the DSC. In case of an NRI User, this is not a mandatory field
Type of DSC – Using .pfx file
If you select the type of DSC as .pfx file, follow these steps: a. Select the option .pfx file b. Select the certificate file c. Enter the password d. Click on ‘Generate Signature File’
Type of DSC – Using USB Token
If you select the type of DSC as .pfx file, follow these steps: a. Select the option USB Token b. Select USB Token Certificate from the drop-down c. Click on ‘Generate Signature File’ d. Enter the USB Token PIN. Click on ‘Ok’
Success Message
A success message will appear on the screen and a signature file is generated. Save it in the appropriate folder
Use DSC Signature File
You can use the signature file for the following services: a. Submit Form Online – Login to incometaxindiaefiling.gov.in > Prepare and Submit Online Form > Fill Form Details > Attach Signature File b. Approve Tax Audit Report – Login to Incometaxefiling website > Worklist > For Your Action > View Uploaded Form > View Form > Accept > Attach Signature File c. Submit Refund Re-issue Request – Login to income tax e-filing portal > My Account > Service Request > Refund Re-issue Request > Add Bank Details > Attach Signature File
FAQs
When I submit ITR or Form on Income Tax Portal, an error appears on the screen as “Validity of the Digital Signature Certificate has expired. Please update a valid Digital Signature Certificate”. What should I do?
If the validity period of the Digital Signature Certificate has expired, the taxpayer should apply for a new Digital Signature Certificate from the Certified Service Provider. Once the new DSC is issued, the taxpayer should register the DSC on Income Tax Portal and then submit ITR or Form.
When I submit ITR or Form on Income Tax Portal, an error appears on the screen as “The PAN mentioned in the Digital Signature Certificate does not match. Please retry”. What should I do?
If the PAN in the Digital Signature Certificate does not match with the registered PAN of the taxpayer, PAN mismatch error will appear on the screen. The taxpayer should contact the Certificate Provider and check the PAN in DSC. If the taxpayer is a Firm / Company / AOP / BOI / Legal Authority / Co-operative Society / Artificial Juridical Person / Trust, ensure that the PAN mentioned in the Digital Signature is of principal contact (Authorized Signatory). If the principal contact has changed, ensure that you have updated PAN details of the new principal contact (under ‘Profile Settings’ > ‘Update Principal Contact’s details). The PAN encrypted in DSC should match with PAN of principal contact.
DSC i.e. Digital Signature Certificate is an electronic signature that is used to sign electronic documents or to access information or services on the internet. The certificate contains the following details of the user – name, pin code, country, date of issue, date of expiry, and name of the certifying authority. To use DSC services on Income Tax E-filing Portal, the taxpayer should use the DSC Management Utility to generate a signature file. To upload an XML on the Income Tax website, the taxpayer should generate a signature file from DSC Management Utility.
The signature file from DSC Utility can be used to avail the following services on the Income Tax E-filing Portal:
DSC Management Utility – Steps to Generate a Signature File to Upload XML
Download DSC Management Utility
Firstly, Download DSC Management Utility from the income tax e-filing portal. A zip folder is downloaded
Open the Java Utility
Extract the zip folder. Click on DSC_MGMT_UTILITY.jar to open the utility
Tab – Upload XML
Select tab ‘Upload XML’. Click on ‘Browse XML file’ to select XML file for which you want to generate the digital signature file
Type of DSC – Using .pfx file
If you select the type of DSC as .pfx file, follow these steps: a. Select the option .pfx file b. Select the certificate file c. Enter the password d. Click on ‘Generate Signature File’
Type of DSC – Using USB Token
If you select the type of DSC as .pfx file, follow these steps: a. Select the option USB Token b. Select USB Token Certificate from the drop-down c. Click on ‘Generate Signature File’ d. Enter the USB Token PIN. Click on ‘Ok’
Success Message
A success message will appear on the screen and a signature file is generated. Save it in the appropriate folder
Use DSC Signature File
You can use the signature file for the following services: a. Upload ITR by Taxpayer – Login to incometaxindiaefiling.gov.in > e-file > Upload Return > Attach XML > Attach Signature File b. File Rectification by Taxpayer – Login to incometaxindiaefiling.gov.in > e-file > Rectification > Attach XML > Attach Signature File c. Upload Tax Audit Report or Upload Other Forms by CA – Login to incometaxindiaefiling.gov.in > e-file > Upload Form > Attach XML > Attach Signature File
FAQs
When I upload XML with Signature File on Income Tax Portal, an error appears on the screen as “Validity of the Digital Signature Certificate has expired. Please update a valid Digital Signature Certificate”. What should I do?
If the validity period of the Digital Signature Certificate has expired, the taxpayer should apply for a new Digital Signature Certificate from the Certified Service Provider. Once the new DSC is issued, the taxpayer should register the DSC on Income Tax Portal and upload XML.
When I upload XML and sign using DSC on Income Tax Portal, an error appears on the screen as “The PAN mentioned in the Digital Signature Certificate does not match. Please retry”. What should I do?
If the PAN in the Digital Signature Certificate does not match with the registered PAN of the taxpayer, PAN mismatch error will appear on the screen. The taxpayer should contact the Certificate Provider and check the PAN in DSC. If the taxpayer is a Firm / Company / AOP / BOI / Legal Authority / Co-operative Society / Artificial Juridical Person / Trust, ensure that the PAN mentioned in the Digital Signature is of principal contact (Authorized Signatory). If the principal contact has changed, ensure that you have updated PAN details of the new principal contact (under ‘Profile Settings’ > ‘Update Principal Contact’s details). The PAN encrypted in DSC should match with PAN of principal contact.
DSC i.e. Digital Signature Certificate is an electronic signature that is used to sign electronic documents or to access information or services on the internet. The certificate contains the following details of the user – name, pin code, country, date of issue, date of expiry, and name of the certifying authority. To use DSC services on Income Tax E-filing Portal, the taxpayer should use the DSC Management Utility to generate a signature file. To register DSC on the Income Tax website, the taxpayer should generate a signature file from DSC Management Utility.
The signature file from DSC Utility can be used to avail the following services on the Income Tax E-filing Portal:
Extract the zip folder. Click on DSC_MGMT_UTILITY.jar to open the utility
Tab – Register / Reset Password using DSC
Select tab Register / Reset Password using DSC. Enter the required details: a. E-filing User ID – Enter the username of the account on income tax e-filing portal. Following are the User IDs for different types of users. b. Enter PAN of the DSC – Enter PAN (Permanent Account Number) of the holder of the DSC. In case of an NRI User, this is not a mandatory field.
Type of DSC – Using .pfx file
If you select the type of DSC as .pfx file, follow these steps: a. Select the option .pfx file b. Select the certificate file c. Enter the password d. Click on ‘Generate Signature File’
Type of DSC – Using USB Token
If you select the type of DSC as .pfx file, follow these steps: a. Select the option USB Token b. Select USB Token Certificate from the drop-down c. Click on ‘Generate Signature File’ d. Enter the USB Token PIN. Click on ‘Ok’
Success Message
A success message will appear on the screen and a signature file is generated. Save it in the appropriate folder
Use DSC Signature File
You can use the signature file for the following services: a. Register DSC – Login to incometaxindiaefiling.gov.in > Profile Settings > Register Digital Signature Certificate > Attach Signature File b. Reset Password – Go to Login page on incometaxindiaefiling.gov.in > Click on Forgot Password > Select Upload DSC > Select New DSC / Registered DSC > Attach Signature File
FAQs
When I register DSC on Income Tax Portal, an error appears on the screen as “The Digital Signature Certificate is already registered”. What should I do?
Digital Signature Certificate cannot be registered by multiple users. This error may appear if the taxpayer is trying to register a DSC that belongs to someone else. The DSC must belong to the taxpayer and should have their PAN encrypted.
When I register DSC on Income Tax Portal, an error appears on the screen as “The PAN mentioned in the Digital Signature Certificate does not match. Please retry”. What should I do?
If the PAN in the Digital Signature Certificate does not match with the registered PAN of the taxpayer, PAN mismatch error will appear on the screen. The taxpayer should contact the Certificate Provider and check the PAN in DSC. If the taxpayer is a Firm / Company / AOP / BOI / Legal Authority / Co-operative Society / Artificial Juridical Person / Trust, ensure that the PAN mentioned in the Digital Signature is of principal contact (Authorized Signatory). If the principal contact has changed, ensure that you have updated PAN details of the new principal contact (under ‘Profile Settings’ > ‘Update Principal Contact’s details). The PAN encrypted in DSC should match with PAN of principal contact.
When I register DSC on Income Tax Portal, an error appears on the screen as “Validity of the Digital Signature Certificate has expired. Please update a valid Digital Signature Certificate”. What should I do?
If the validity period of the Digital Signature Certificate has expired, the taxpayer should apply for a new Digital Signature Certificate from the Certified Service Provider. Once the new DSC is issued, the taxpayer should register the DSC on Income Tax Portal.
TRACES means TDS Reconciliation Analysis and Correction Enabling System. It is the online portal for administration and implementation of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source). When a buyer of an immovable property makes payment to the seller for a sale value exceeding Rs.50 lacs, he/she deducts TDS u/s 194IA. The buyer files Form 26QB and issues Form 16B to the seller. The TDS Return i.e. Form 26QB is processed by CPC-TDS. If the Statement Status of Form 26QB is ‘Processed with Default’, the buyer should:
Steps for Form 26QB Correction on TRACES using E-Verify (Internet Banking)
Log in to your Internet banking account
Login to your Internet Banking account on the website of Bank. Click on ‘View 26AS.’ The taxpayer is navigated to a new page. Click on ‘E-Verified Services on TRACES‘
Log in to the TRACES account
The taxpayer is navigated to the TRACES website. The User Id and PAN of the Taxpayer are auto-populated. Login to the account and continue with Form 26QB Correction
Navigate to Request for Correction
Go to Statements / Forms > Request for Correction
Form 26QB
Select Form Type – 26QB to submit the Correction Request
Review the checklist
Review the checklist and click on ‘Proceed‘
Enter the required details
Select the ‘Assessment Year‘, ‘Acknowledgement Number‘ and ‘PAN of Seller‘ click on ‘File Correction’
Success message
Success page will appear on the screen. A Request Number is generated. You can track the correction request under the tab ‘Statements / Forms’
Navigate to Track Correction Request
Go to Statements / Forms> Track Correction Request
Enter the Request Number/Date
Enter the Request Number or Request Date or View All. Click on ‘View Request’. A list of requests pertaining to the search criteria will appear. Select the relevant row and if the status is ‘Available‘, you can start the correction. Note: If the status is ‘Submitted’, please wait for 24 to 48 hours for the status to change to ‘Available’
Enter Challan details
Enter Challan Details of any challan paid while filing Form 26QB. Click on ‘Proceed.’ 1. BSR Code 2. The date on which tax is deposited – enter in dd-mm-yyyy format eg: 10-Jan-2019 3. Challan Serial Number – 5 digit number eg: 00025 4. Challan Deposit Amount – enter the amount with decimal places eg: 1569.00
Correct the details
Details as per Form 26QB filed will appear on the screen. Click on ‘Edit’ for correcting the details
Fields that can be edited
The taxpayer can make changes in the following fields: 1. PAN of Buyer 2. PAN of Seller 3. Financial Year 4. Amount Paid or Amount Credited 5. Date of Payment or Date of Credit 6. Date of Deduction 7. Property Details – Complete Address of the Property 8. Property Value – Total Value of Consideration Note: If your DSC is not registered on TRACES or if you don’t have e-verification (internet banking), the correction request for the fields listed below would require the approval of AO i.e. Assessing Officer.
Submit the changes
Make the required correction. Click on ‘Save‘. Click on the ‘Submit Correction Statement‘ once you make all the corrections.
Financial Year and Tax Applicable
You can change Financial Year and Type of Applicable Tax under this tab
Buyer Details
You can change PAN, Name, Address or Contact details of the buyer
Seller Details
You can change PAN, Name, Address or Contact details of the seller
Property Details
You can change the type of property and address of the property
Amount Paid / Credited
You can make corrections in the amount paid or amount credited for purchase of property, date of sales agreement, date of payment or credit or date on which tax was deducted. If amount paid or amount credited is updated, correction submitted will require Seller’s approval
Confirmation screen
Confirmation Screen will appear. The updated details are highlighted in yellow colour. You should review the updated details and click on ‘Confirm the Details‘
Download the 26QB Acknowledgement
Once you submit the request using any of the above options, a success message will appear on the screen. You can track the correction request under the tab ‘Statements / Forms’. Click on ‘View / Download Acknowledgement’. Download the 26QB Acknowledgement to submit to the Assessing Officer (AO)
Types of status
Go to Statements / Forms > Track Correction Request. Here are the types of status of the Correction Statement. 1. Pending for PAN Approval – If Correction Statement is submitted for approval of Tenant or Landlord 2. Pending for AO Approval – If Correction Statement is pending for approval from the Assessing Officer. User can check AO details in the column ‘Assessing Officer Details’ 3. Submitted to ITD – If Correction Statement has been approved by AO or Tenant or Landlord and is now submitted to the Income Tax Department 4. Processed – If Correction Statement is processed by TDS CPC 5. Canceled – If Correction Statement is canceled by Tenant 6. Rejected – If Correction Statement is rejected by Tenant, Landlord, AO or TDSCPC
FAQs
Can an NRI make Form 26QB Correction using E-Verified (Internet Banking) Service?
NRI i.e. Non-Resident Indian Taxpayer does not have an option to make Form 26QB Correction using E-Verified (Internet Banking) Service. An NRI taxpayer can make Form 26QB Correction only using DSC or with the approval from Assessing Officer.
What should the buyer do if the statement status of the Form 26QB is “Processed with default?”
Step 1: View ‘Form 26QB – Default Summary’ on TRACES – to view a summary of defaults or errors made in Form 26QB filed Step 2: Download ‘Form 26QB – Justification Report’ on TRACES – to download the details of errors or defaults in Form 26QB filed Step 3: File ‘Form 26QB – Correction Statement’ on TRACES – to file a correction statement to rectify the errors made in Form 26QB filed
What is Form 26QB?
Form 26QB is a return-cum-challan form for the payment of Tax Deducted at Source (TDS) to the government for deductions made under Section 194-IA of the Income Tax Act.
TRACES means TDS Reconciliation Analysis and Correction Enabling System. It is the online portal for administration and implementation of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source). When a buyer of an immovable property makes payment to the seller for a sale value exceeding Rs.50 lacs, he/she deducts TDS u/s 194IA. The buyer files Form 26QB and issues Form 16B to the seller. The TDS Return i.e. Form 26QB is processed by CPC-TDS. If the Statement Status of Form 26QB is ‘Processed with Default’, the buyer should:
Step 1: View ‘Form 26QB – Default Summary’ on TRACES – to view a summary of defaults or errors made in Form 26QB filed
Select the ‘Assessment Year’, ‘Acknowledgement Number’ and ‘PAN of Seller’ click on ‘File Correction’
Success Page
Success page will appear on the screen. A Request Number is generated. You can track the correction request under the tab ‘Statements / Forms’
Navigate to Track Correction Request
Go to Statements / Forms > Track Correction Request
Request number/date
Enter the Request Number or Request Date or View All. Click on ‘View Request’. A list of requests pertaining to the search criteria will appear. Select the relevant row and if the status is ‘Available’, you can start the correction
Enter Challan details
Enter Challan Details of any challan paid while filing Form 26QB. Click on ‘Proceed’
1. BSR Code 2. The date on which tax is deposited – enter in dd-mm-yyyy format eg: 10-Jan-2019 3. Challan Serial Number – 5 digit number eg: 00025 4. Challan Deposit Amount – enter the amount with decimal places eg: 1569.00
Edit the details
Details as per Form 26QB filed will appear on the screen. Click on ‘Edit’ for correcting the details
List of details that can be changed
The taxpayer can make changes in the following fields:
1. PAN of Buyer 2. PAN of Seller 3. Financial Year 4. Amount Paid or Amount Credited 5. Date of Payment or Date of Credit 6. Date of Deduction 7. Property Details – Complete Address of the Property 8. Property Value – Total Value of Consideration
Note: If your DSC is not registered on TRACES or if you don’t have e-verification (internet banking), the correction request for the fields listed below would require the approval of AO i.e. Assessing Officer.
Save the corrections
Make the required correction. Click on ‘Save’. Click on ‘Submit Correction Statement’ once you make all the corrections.
Financial Year and Tax Applicable – You can change Financial Year and Type of Applicable Tax under this tab
Buyer Details
You can change PAN, Name, Address or Contact details of the buyer
Seller Details
You can change PAN, Name, Address or Contact details of the seller
Property Details
You can change the type of property and address of the property
Amount Paid / Credited
You can make corrections in the amount paid or the amount credited for purchase of property, date of a sales agreement, date of payment, or credit or date on which tax was deducted. If the amount paid or the amount credited is updated, correction submitted will require Seller’s approval
Confirmation message
Confirmation Screen will appear. The updated details are highlighted in yellow color. You should review the updated details and click on ‘Confirm the Details’
Submit correction request
Profile details will be populated as updated on Traces. Click on “Submit Request” to Submit Correction Request
Option 1: Validate Correction Request using AO Approval – Click on AO Approval
A pop-up will appear with a message to declare that the buyer of the immovable property mentioned wrong or incorrect PAN of the seller and is filing a correction statement to rectify this mistake. Click on ‘Proceed’
Submit Request
Click on ‘Submit Request’. A pop-up will appear to track correction status. Click on ‘Continue’. The AO Details will be available once the ‘Correction Status’ changes to ‘Pending for AO Approval’
Option 2: Validate Correction Request using DSC – Click on DSC
Click on the option ‘DSC’. Click on ‘Proceed’
Digital Signature Ceriticate
Choose DSC i.e. Digital Signature Certificate of the Authorised Person. Click on ‘Sign’. To use DSC on TRACES, it is mandatory to download and install WebSocket emSigner
Success Message
Once you submit the request using any of the above options, a success message will appear on the screen. You can track the correction request under the tab ‘Statements / Forms’. Click on ‘View / Download Acknowledgement’. Download the 26QB Acknowledgement to submit to the Assessing Officer (AO)
Go to Statements / Forms > Track Correction Request. Here are the types of status of the Correction Statement
1. Pending for PAN Approval – If Correction Statement is submitted for approval of Tenant or Landlord 2. Pending for AO Approval – If Correction Statement is pending for approval from the Assessing Officer. User can check AO details in the column ‘Assessing Officer Details’ 3. Submitted to ITD – If Correction Statement has been approved by AO or Tenant or Landlord and is now submitted to the Income Tax Department 4. Processed – If Correction Statement is processed by TDS CPC 5. Canceled – If Correction Statement is canceled by Tenant 6. Rejected – If Correction Statement is rejected by Tenant, Landlord, AO or TDSCPC
FAQs
What are the different types of status of the correction statement?
1. Pending for PAN Approval – If Correction Statement is submitted for approval of Tenant or Landlord 2. Pending for AO Approval – If Correction Statement is pending for approval from the Assessing Officer. User can check AO details in the column ‘Assessing Officer Details’ 3. Submitted to ITD – If Correction Statement has been approved by AO or Tenant or Landlord and is now submitted to the Income Tax Department 4. Processed – If Correction Statement is processed by TDS CPC 5. Canceled – If Correction Statement is canceled by Tenant 6. Rejected – If Correction Statement is rejected by Tenant, Landlord, AO or TDS CPC
Who is liable to deduct TDS u/s 194IA?
The buyer has to deduct TDS at 1% of the total sale consideration and not the seller. No TDS is required to be deducted if sale consideration is less than INR 50 Lakhs.
How to file Form 26QB?
1. Go to TIN NSDL website, 2. Go to Services> Select TDS on Rent of Property, 3. Select Online form for furnishing TDS on Rent of Property (Form 26QC) 4. Fill the following Form
TRACES means TDS Reconciliation Analysis and Correction Enabling System. It is the online portal for administration and implementation of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source). When a tenant pays rent exceeding Rs. 50,000 per month to the landlord, he/she deducts TDS u/s 194IB. The tenant files Form 26QC and issues Form 16C to the landlord. The TDS Return i.e. Form 26QC is processed by CPC-TDS. If the Statement Status of Form 26QC is ‘Processed with Default’, the tenant should:
Steps for Form 26QC Correction on TRACES – DSC / AO Approval
Step 1: Log in toTRACES – Enter User Id, Password, PAN and captcha
Step 2: Go to Statements / Forms > Request for Correction
Step 3: Select Form Type – 26QC to submit the Correction Request
Step 4: Review the checklist and click on ‘Proceed‘
Step 5: Select the ‘Financial Year’ from the drop-down list. Enter ‘Acknowledgement Number‘ and click on ‘Request for Correction’
Step 6: Success page will appear on the screen. A Request Number is generated. You can track the correction request under the tab ‘Statements / Forms’
Step 7: Go to Statements / Forms> Track Correction Request
Step 8: Enter the Request Number or Request Date or View All. Click on ‘View Request’. List of requests pertaining to the search criteria will appear. Select the relevant row and if the status is ‘Available‘, you can start the correction
If the status is 'Submitted', please wait for 24 to 48 hours for the status to change to 'Available'
Tip
If the status is 'Submitted', please wait for 24 to 48 hours for the status to change to 'Available'
Step 9: Enter Challan Details of any challan paid while filing Form 26QC. Click on ‘Proceed‘
BSR Code
Date on which tax is deposited – enter in dd-mmm-yyyy format eg: 10-Jan-2019
Challan Serial Number – 5 digit number eg: 00025
Challan Deposit Amount – enter amount with decimal places eg: 1569.00
Step 10: Details as per Form 26QC filed will appear on the screen. Click on ‘Edit’ for correcting the details
Step 11: The taxpayer can make changes in the following fields:
PAN details of Tenant or PAN details of Landlord
Date of Payment or Date of Credit
Date of Deduction
Amount Paid or Amount Credited
Property Details if Let Out
Total Value of Rent
Value of last month rent paid
Note: If your DSC is not registered on TRACES or if you don’t have e-verification (internet banking), the correction request for the fields listed below would require the approval of AO i.e. Assessing Officer.
Step 12: Make the required correction. Click on ‘Save‘. Click on ‘Submit Correction‘ once you make all the corrections
Tenant Details
You can make corrections in the PAN, Name or Address of the Tenant
Landlord Details
You can make corrections in the PAN, Name or Address of the Landlord
Rented Property Details
You can make correction in the Type of Property and Address of the Rented Property
Amount Paid / Credited
You can make corrections in the amount paid or amount credited as rent. If amount paid or amount credited is updated, correction submitted will require Landlord’s approval.
Step 13: Confirmation Screen will appear. The updated details are highlighted in yellow colour. You should review the updated details and click on ‘Confirm the Details‘
Step 14: Confirm whether the PAN of Landlord is known or unknown. Click on ‘PAN of Landlord’ if the PAN is known. Click on ‘AO’ if the PAN is unknown
If PAN of Landlord is Unknown – Click on ‘AO’
A pop-up will appear with a message to declare that the tenant of the rented property mentioned wrong or incorrect PAN of Landlord and is filing a correction statement to rectify this mistake. Click on ‘Proceed‘
Click on ‘Submit Request‘. A pop-up will appear to track correction status. Click on ‘Continue’. The AO Details will be available once the ‘Correction Status’ changes to ‘Pending for AO Approval’
If PAN of Landlord is Known – Click on ‘PAN of Landlord’
The details of PAN database will appear on the screen. These details would be printed on the Form 26QC Correction Acknowledgement. Click on ‘Submit Request‘
If the DSC is registered on TRACES, taxpayer can validate correction through options – E-Verify (Internet Banking), AO Approval, DSC (Digital Signature Certificate)
If the DSC is not registered on TRACES, the taxpayer can validate correction through options – E-Verify (Internet Banking), AO Approval
Option 1: Validate Correction Request using AO Approval – Click on AO Approval
A pop-up will appear with a message to declare that the tenant of the rented property mentioned wrong or incorrect PAN of Landlord and is filing a correction statement to rectify this mistake. Click on ‘Proceed‘
Click on ‘Submit Request‘. A pop-up will appear to track correction status. Click on ‘Continue’. The AO Details will be available once the ‘Correction Status’ changes to ‘Pending for AO Approval’
Option 2: Validate Correction Request using DSC – Click on DSC
Click on the option ‘DSC’. Click on ‘Proceed’
Choose DSC i.e. Digital Signature Certificate of the Authorised Person. Click on ‘Sign’. To use DSC on TRACES, it is mandatory to download and install WebSocket emSigner
Step 15: Once you submit the request using any of the above options, a success message will appear on the screen. You can track the correction request under the tab ‘Statements / Forms’
Step 16: Go to Statements / Forms > Track Correction Request. Here are the types of status of the Correction Statement.
Pending for PAN Approval – If Correction Statement is submitted for approval of Tenant or Landlord
Pending for AO Approval – If Correction Statement is pending for approval from the Assessing Officer. User can check AO details in the column ‘Assessing Officer Details’
Submitted to ITD – If Correction Statement has been approved by AO or Tenant or Landlord and is now submitted to the Income Tax Department
Processed – If Correction Statement is processed by TDS CPC
Cancelled – If Correction Statement is cancelled by Tenant
Rejected – If Correction Statement is rejected by Tenant, Landlord, AO or TDSCPC
FAQs
What is Form 26QC?
Under section 194-IB of the income tax act, if any individual or HUF to whom tax audit is not applicable makes payment of rent to a resident landlord exceeding Rs. 50,000 per month, then he/she needs to deduct TDS from rent and needs to file Form 26QC. TAN is not compulsory for filing Form 26QC.
What are the different types of status of the correction statement?
1. Pending for PAN Approval – If Correction Statement is submitted for approval of Tenant or Landlord 2. Pending for AO Approval – If Correction Statement is pending for approval from the Assessing Officer. User can check AO details in the column ‘Assessing Officer Details’ 3. Submitted to ITD – If Correction Statement has been approved by AO or Tenant or Landlord and is now submitted to the Income Tax Department 4. Processed – If Correction Statement is processed by TDS CPC 5. Canceled – If Correction Statement is canceled by Tenant 6. Rejected – If Correction Statement is rejected by Tenant, Landlord, AO or TDSCPC
Who needs to file Form 26QC?
The Form 26QC needs to be filed by the tenant of the property, who is making rent payments to the resident landlord. TDS is deducted at the rate of 5% on rent payments made by the tenant.
Log in to TRACES – Enter User Id, Password, TAN or PAN and captcha
Navigate to Requested Downloads
Therefore, go to Downloads > Requested Downloads
Download the Websigner utility
Thus, click on the ‘Click here’ button to download the WebSigner Utility
TRACES Websigner Setup V2.0
Click on the “TRACES Websigner Setup V2.0” to download the Emsigner setup.
Install the software
Click on the “RUN” option after downloading the file.
Ensure the following requirements are available before installing the software:
– JRE 7 or above (version 32-bit only) in your machine – Internet connectivity (without any proxy) – Admin rights on the machine
Unzip the file
Unzip the setup file and click open the executable file and click on the option “RUN” to start the installation process.
Download procedure
Select the destination location and click on “Next“
Install the software
Click on the option to install the software.
Complete the installation process
After the installation process is complete, click on the option “Finish“
Select the DSC certificate and enter the password
When you log in to TRACES, use the digital signature certificate. Hence, the WebSocket emSigner window will appear. Hence, select the relevant DSC certificate and enter the password
What are the system requirements to download and install WebSocket EmSigner?
The following are the system requirements to download and install the websocket emsigner: 1. Google Chrome and Mozilla Firefox browser 2. JRE 7 or above (version 32-bit only) 3. Internet connectivity (without any proxy) 4. ADMIN rights on the machine
How to resolve “Error in establishing connection with TRACES Websocket Esigner” on TRACES?
This is a technical error. Therefore, please ensure that WebSigner Setup is installed and service is running on your machine. Also, ensure that there are no proxies enabled on the browser while doing DSC activities. Here are the steps to resolve the error: 1. Uninstall the Java Utility and EmSigner 2. Install JAVA 8 Update 162 32-bit version only 3. Download TRACES Web Signer Setup V 2.0 setup file from TRACES 4. Install DSC drivers on your computer 5. Update your Chrome (if it is of Older version) 6. Clear cache & cookies from your browser 7. Restart your computer 8. Run EmSigner as administrator
