Sir,
Purchasers/buyers X and Y, acting jointly, engaged with seller S in a property transaction valued at ₹1,50,00,000 during the year 2021. Initially, the buyers deducted and deposited Tax Deducted at Source (TDS) amount of ₹75,000 each. However, the deal eventually did not go through.
During 2021, the buyers initially provided an advance payment of ₹10,00,000 through a bank transaction. Subsequently, seller S reimbursed this amount in cash. Eventually, in 2022, the property was sold by seller S to another buyer named Z.
Now that the amount of ₹1,50,000 is refelected in 26AS for the A.Y.2022-23 and still return filing is pending, what is the recourse available to S (as refund of TDS is not possible now)?
CAclubindia
