banner_ad

House property

This query is : Resolved 

05 April 2017 Hello I had a property that was sold last year in October 2016. 1 TDS was deducted from the total sale consideration by the buyer while settling the payment. I calculated the capital gain / less after indexing the cost and concluded their is a capital loss. Do I still need to file a return of capital loss? How should I get the credit of 1 TDS deducted from the sale value from income tax department?

05 April 2017 Please file the income tax return to seek the refund of tax deducted by the buyer.

06 April 2017 File your Income Tax Return in or before due date to claim carry forward of loss on account of sale. This will help you to claim set off from capital gains arising in future.

Also you can get refund only if you file your return and claim it in the return.


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


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details