Request for 26QB Refund :E-Tutorial

By | May 13, 2019
(Last Updated On: May 13, 2019)

Request for 26QB Refund

E-Tutorial
1. Important Information of “26QB Refund Request”.
2. Brief Steps of “26QB Refund Request”.
3. Pictorial Guide of “26QB Refund”

Important Information of “26 QB Request for Refund”

• Taxpayer can apply for 26QB refund from Assessment Year 2014-15 onwards.
• It is mandatory to validate the details by digital signature on TRACES to submit the Refund Request.
• Maximum refund amount will be the available challan balance.
• Sum of maximum refund amount should be greater than Rs. 100 in a refund request.
• Refund request can be submitted for OLTAS Challan (s) where available amount in challan is equal to or more than Rupee 1 /-.
• Ensure that statement cum challan in which the challan(s) has/have been claimed have been processed before claiming
refund for the challan.
• Refund cheque will be issued in the Name and Address of the Taxpayer as per TRACES profile.
• No outstanding demand should be present on buyer‟s PAN/TAN associated with PAN (who are submitting refund request).
• Ensure that all the details filled in 26QB statement cum challan are true and correct as correction wouldn‟t be allowed after
raising refund request.
• Refund request can not be placed if correction request for the same acknowledgement is under process or initiated.
• Refund request can consist of maximum 5 challan‟s for same Assessment year at a time. For different assessment year user
need to place a Separate request for refund .
• While raising refund request assessment year should be as per 26QB statement cum challan filed.

Brief Steps of “ 26QB Refund Request”

Step 1 : Login to TRACES website and landing page will be displayed.
•Step 2 : Click on “Request for Refund” under “Statements / Forms” tab
•Step 3 : Before submitting the refund request go through the checklist and click on “Proceed”.
•Step 4 : Select Appropriate reason for raising the Refund Request, Click on “ Add Challan” after selecting appropriate reason for
raising Refund Request.
•Step 5 : Give challan details for which Taxpayer wants to claim refund.
•Step 6 : Check Challan consumption details and click to “ I agree” for the declaration and click on Proceed.
•Step 7 : Enter Bank Details and click on “Proceed” option.
• Step8 : Verification Page will be displayed and click on “Proceed” option.
.Step 9 : Confirmation Page : Click on “Submit Refund Request” to continue TDS refund request and validate refund request via
“Digital Signature”.
•Step10 : Successful message will be displayed and click on “Preview and Print Form 26B acknowledgement.
•Step11 : Request will be available under “ Track Refund Request” and search refund request either through search option 1 or
search option 2 with refund status and remarks.

3. Pictorial Guide of “26QB Refund Request”

Step 1 : Login to TRACES website with User ID, Password and the Verification code.

Step 1(Contd.) : Landing Page will be displayed on the screen

Step 2: Click on “Request for Refund” under “Statements / Forms” tab.

Step 2( Contd.): Click on “Yes” option to continue for “Request for Refund”

Step 3: Before submitting the refund request go through the checklist and click on “Proceed”.

Step 4 :Select one of “mentioned reason” , click on “Add Challan

Step 4 (contd.) : After clicking on „Other‟ reason, a pop-up window will open to mention the reason for raising Refund
Request

Step 5: Enter “challan details” and click on “view challan details”

Step 6: Check Challan consumption details and click to “ I agree” for the declaration

Step 6 (Contd.): Click on “proceed” option for Request for Refund (Contd.)

Step 7 : Enter Bank Details and click on “Proceed” option

Step 7 (Contd.) : Enter Bank Details and click on “Proceed” option

Step 8 Verification page : Click on “Proceed” to continue TDS refund request

Step 9 : Confirmation Page : Click on “Submit Refund Request” to continue TDS refund request

Step 9 (Contd.) : Confirmation Page : Click on “Submit Refund Request” to continue TDS refund request

Step 10 : Successful message will be displayed and click on “Preview and Print Form 26B acknowledgement

Step 10 (Contd.) : Furnish “Form 26B Acknowledgement”

Step 11 : Click on “Track Refund Request” to search the request

Step 11 (Contd.) : Choose “option 1 or option 2” to search Refund Status by clicking on Track Refund Request

Step 11 (Contd.): Status will be „Pending with Refund Banker‟ if request is Pending with Bank

Step 11 (Contd.): Status will be Fund Transfer Successful once Refund Banker credited the amount in account

Some of Common Rejection Reasons

Request will be rejected in case if there is an outstanding demand for “PAN”.
• Request will be rejected by AO TDS if “Buyer did not approach FAO”.
• Request will be rejected in case “Time lapsed to update Invalid Bank Details”
• Request will be rejected in case of “Cheque refused”.
CLARIFICATION ABOUT STATUS OF REQUEST OF REFUND AFTER SUBMITTING 26B (ACKNOWLEDGMENT OF
REQUEST) TO A.O.
• PENDING WITH AO : Status will be Pending with A.O once the request is submitted for A.O Approval.
• PENDING WITH TDS : Status will be pending with TDS CPC if request is approved by AO
• PENDING WITH REFUND BANKER : Status will be Pending with Refund Banker if request is with Bank

Step 11 (Contd.) : Status will be rejected with TDSCPC if there is an outstanding demand for “PAN”

Step 11 (Contd.) : Status will be rejected by AO TDS as “Buyer did not approach FAO”

Step 11 (Contd.) : Status will be rejected as “Time lapsed to update Invalid Bank Details”

Step 11 (Contd.) : Status will be rejected due to “Cheque refused”

Download Complete File

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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