kiran Gowda (student) (33 Points)
21 June 2016
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 21 June 2016
Hello Kiran,
Just simply file you r ITR for the relevant financial year and claim TDS deducted thereon. The aforesaid income shall be shown as exempt income and you can claim refund of the tds deducted thereon.
Regards,
CA Saurabh Singh,
7210864420
subhash kumar jha
(PROFESSION)
(445 Points)
Replied 21 June 2016
Why u have allowed him to deduct tax. Ur transaction is not subject to section 194IA. Buyer should not deduct tax. Ask him to refund your TDS.
or file your return and claim for refund.
kiran Gowda
(student)
(33 Points)
Replied 21 June 2016
thanks for yours informations, but in which ITR i should use to file returns.
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 21 June 2016
except the above transaction do you have any other income
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 21 June 2016
You can file ITR1, and sho the tds deducted and income from exempt source along with interest.
kiran Gowda
(student)
(33 Points)
Replied 21 June 2016
i think, ITR -1 only for salary income, then how can i file
subhash kumar jha
(PROFESSION)
(445 Points)
Replied 21 June 2016
ITR 1 is for salary and other source income so file it and get your refund.
Ask from buyer why u have deducted my Tax.
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 21 June 2016
ITR 1 is for Individuals having,
Salary Income,
Income from 1 House,
Exempt Income
Other sources Income
Hence you are covered above
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