Double Tax deducted on court settlement of sale of inheritance property
This query is : Resolved
09 August 2021
Hi,
There is an ancestral property of mother and her siblings.
Mother has been dead for a long time now.
So, her children are now the inheritorsof the property.
Some of the inheritors wish to sell the property, while others do not wish to do so.
The matter was taken to court.
At the court, mother's share of the sales consideration was decided at 50L. Tax was deducted and the remaining amount to be divided between the mother's children. Before paying to each individual 20% tax was again deducted.
Why is TDS being deducted twice?
How can the TDS deducted on deceased person be recovered?
There is an ancestral property of mother and her siblings.
Mother has been dead for a long time now.
So, her children are now the inheritorsof the property.
Some of the inheritors wish to sell the property, while others do not wish to do so.
The matter was taken to court.
At the court, mother's share of the sales consideration was decided at 50L. Tax was deducted and the remaining amount to be divided between the mother's children. Before paying to each individual 20% tax was again deducted.
Why is TDS being deducted twice?
How can the TDS deducted on deceased person be recovered?
CA R SEETHARAMAN
(Expert)
09 August 2021
File ITR of deceased by legal heir after legal heir registering in IT portal.
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