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Sale Of House Property | Advance Payment

This query is : Resolved 

23 July 2024 We have sold our late father's house for Rs. 96 lakh, and the proceeds have been divided among three brothers

An advance of Rs. 16 lakh was received in December 2023, with a 1% TDS deduction, deposited into the bank accounts of all three brothers.

The final payment of Rs. 16 lakh was received in July 2024, with a 1% TDS deduction, deposited into the bank accounts of all three brothers.

Could you please advise on how to report this advance amount in ITR-2?


23 July 2024 Tick the TDS column and edit it to carry forward for next AY.


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