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Tds

Vidhya Chandran J (CA Article) (93 Points)

10 August 2016

Tax paid at the time of sale of house property. The person also subject to tds in business and profession head. so he can claim tds of house property under business head???

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4 Replies

Akash (CA Final (2nd Group Pending)) (876 Points)
Replied 10 August 2016

TDS is Advance Tax. You can claim it doesn't matter under which head it was deducted.

Vidhya Chandran J (CA Article) (93 Points)
Replied 10 August 2016

Thank You......

suresh (proprietor) (425 Points)
Replied 10 August 2016

You need not specify the head of income for claiming the TDS. But you need to disclose the sale of property and income there from may be under the head capital gain so as to coorelate it with the TDS on sale of property.