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Tax deducted at source

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 June 2014 I have deducted TDS @ 1% on transfer of Agriculture Land but as per CBDT circular in 2013 no TDS on the transfer of Agriculture land So please advice me what should i do either to give it back to the transferor or to deposit that with the department pls reply asap
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CA Rinkal

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CA Rinkal (Expert)
20 June 2014 dear

as per the provision you do not need to deduct tax, but in your case the same is being deducted

now there is two way

pay to govt. or repaid to the seller.

most favorable way is to pay back to seller
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Rupesh Jain

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Rupesh Jain (Expert)
20 June 2014 if you not deposit then you give back to seller.
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