TDS for property change

Manoj Jha (Sr Director ADP) (21 Points)

28 March 2024  

Hello!

I recently exchanged my under construction apartment with the builder, after the Sale Agreement was executed, and TDS payment made on the original apartment. I have given up the original apartment and got my booking changed to another apartment in the same community. The original sale agreement was cancelled alongwith an underwriting statement that I do not have claim on the original apartment.

Got the sale agreement executed for the new apartment now. I am trying to make a correction on this property change on TRACES portal using Request for Correction. It is asking about Stamp Duty value. Since I did not make a sale, why is it asking for Stamp Duty and how do I find that amount?

Any information on the exchange process related to TDS deduction payment/stamp duty on TRACES would be helpful?