TDS deducted is filed under form 26Q and not 26QC. Monthly rent is above 1 lakh. Been deducting TDS @10% since July 2024.

- File correction return of 26Q and thereafter file application for refund of TDS

For detailed discussion you may opt for phone consultation

• File correction return of Form 26Q by revising TDS details (mark entries as deleted or enter nil data, if allowed).

• After correction is processed, file an application for refund of TDS deposited under wrong section/form.

• Once refund is received, deduct TDS @5% under Section 194-IB and file Form 26QC for each month from July 2024 onwards.

• Going forward, use Form 26QC only for rent payments above ₹50,000 per month if you are not liable to tax audit.

For detailed, personalized advice, consider a phone consultancy. Hope you find the information helpful. You are free to contact me for further discussion. If you could spare two minutes of your time to write a review, it would be greatly appreciated and bring immense happiness to read it. Thank you. Shubham Goyal.

- You can modify the entries. Also you can consume the challan for other payments. 

You're liable for tax audit and landlord is a company, so Form 26Q under Section 194-I is correct.
If TDS @10% was wrongly applied instead of 2% (for plant/machinery), file a correction return in Form 26Q.
No need to file Form 26QC or use Section 194-IB.

You can’t delete, but you can nullify entries in 26Q through a correction return:

1. Download the Conso File from TRACES.

2. Open it using the RPU (Return Preparation Utility) by NSDL.

3. Mark the incorrect deductee rows using "C" type correction (to cancel them).

   • Do not remove the row.

   • Just mark it cancelled by changing the values in the row to blank (except for Challan details and Record Type = “C”).

4. Validate the file, generate the FVU, and submit a correction return.

Once 26Q is cleaned up:

1. Prepare a fresh TDS return in Form 27Q with:

   • Correct section (e.g., 195)

   • Correct deductee type (non-resident)

   • Link the same challan if valid for NR payment (sometimes department accepts this).

2. File it as a fresh return.

3. If the challan cannot be reused (rare but possible), you may need to pay fresh TDS and link it to Form 27Q correctly.

Thanks
Damini

Yes, you can file the Q4 TDS return (Form 26Q for Jan–Mar 2025) even if earlier quarters had issues or need correction — as long as:

1. You’ve deducted and deposited the TDS correctly for Q4 (Jan to Mar 2025), and

2. You use the correct details (deductee PAN, section code, nature of payment, etc.) while filing Q4.

Important Points:

Filing Q4 first won’t cause any trouble, but the mismatches from previous quarters (like incorrect section code or amounts in Q1 to Q3) should be rectified later via correction statements.

It’s good practice to mention consistent deductee details (PAN, payment section 194I, etc.) across all quarters to ensure smooth credit for the landlord.

The Income Tax Department allows independent filing and correction of quarterly returns, so Q4 filing won’t be affected by pending corrections in earlier quarters.

Suggested Action:

• Go ahead and file Q4 return on time using Form 26Q under Section 194I(a) (if for rent of land/building exceeding ₹2.4 lakhs p.a.).
• After that, prepare correction returns for earlier quarters (if TDS was wrongly filed under Form 26QC or wrong section in 26Q).

Yes, you can file the Q4 TDS return for Jan-Mar 2025 before correcting earlier quarters. Just ensure Q4 TDS is correctly deducted and filed. After that, file correction returns for Q1-Q3. Filing Q4 first won’t cause any issues.

Each quarter return is independent. You can proceed for filing of Q4 return before making corrections in the previous returns. File it before the due date to avoid the late fee. Analyse the annual figures liable for TDS deduction to adjust for short/excess deduction of TDS