Tax deducted from making payment to the seller of immovable

Abhijit Korgaonkar (Final Student) (1243 Points)

26 July 2016  

Guyz.. Please giude me on this.

I had purchased a flat in the PY 2015-16 for which I had paid Rs. 55,00,000 to the builder deducting TDS @ 1% Rs. 55000 which was paid to the government. 

Now, as per my salary income and dedcutions of houisng loan, my tax payable is NIL.

The TDS deducted Rs. 55,000 is reflecting in my FORM 26AS in part F. 

I want to know whether I can claim refund of this TDS in the ITR.

Thanks.