Claiming TDS deducted by builder on Hardship compensation and Corpus

This query is : Open

Quick Summary

Discussion on claiming TDS deducted by a builder on hardship compensation and corpus payments. Experts clarified that TDS can be claimed only after the financial year ends by filing an ITR, and refund eligibility depends on the final taxable income and tax liability.

Micheal Walter

Micheal Walter (Querist)
Follow

06 February 2026 Dear Experts,

Greetings

Kindly guide if I claim TDS immediately after builder has deducted or do I have to wait till end of FY to file return.

Will I get refund of total TDS deducted by the builder?

Thank you.
Sincere Regard
Micheal

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

07 February 2026 TDS deducted by builder can be claimed only after the financial year ends by filing your income tax return. Refund depends on whether hardship compensation and corpus are taxable in your case. If your final tax liability is lower than TDS deducted, the excess will be refunded.

Micheal Walter

Micheal Walter (Querist)
Follow

07 February 2026 Sir,

Thank you for the response. I have no taxable income. My Interest earned in NRE Account is not tax free.

Thank you

Regards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Swarna Gurumurthy

manojkumarkk

ACCFIN SOLUTIONS

shanmukha sai

R NATARAJAN

Subscribe Now

Claiming TDS deducted by builder on Hardship compensation and Corpus

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Accountant

GST CONSULTANCY

CA Final

GST CONSULTANT

Manager- Finance and Compliance