14 October 2015
Hi,
I sold my house and the buyer deducted tds of Rs. 105000.
I immediately bought another house where tds I am supposed to deduct is Rs. 157000.
My tax advisor is suggesting I should deduct 157000 and pay only the differential amount of Rs. 52000.
Is this treatment correct?
If not, what is the right thing and how can I claim deduction for the 105000?
Pls help.