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Tds on purchase of building

This query is : Resolved 

19 January 2017 Hi

if we purchase building and 1% tds we deducte and pay to govt. it can refund.

Thanking

19 January 2017 Seller of the property only has to file the return and claim refund or adjust it on tax payable.

20 January 2017 It depends on the income of seller, if income comes under Taxable purview than TDS can be adjusted to the extent of liability if TDS deducted is more than tax liability or nil tax liability same can be claimed refund by filling return .






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