Tds 1% on sale of immovable of property
This query is : Resolved
20 May 2016
A. seller sold the property of Rs. 70.00 Lakhs and purchaser deducted and deposited the same in time my question is
that if the seller does not have any other income and he has invested the capital gain in Capital Gain Tax bonds with in prescribed time then will he get the refund of TDS
that if the seller does not have any other income and he has invested the capital gain in Capital Gain Tax bonds with in prescribed time then will he get the refund of TDS
21 May 2016
Yes, he can claim and get the refund of excess TDS.
Hopefully following articles may be helpful :
https://taxguru.in/income-tax/notices-related-tds-immovable-property-purchase.html
https://www.caclubindia.com/articles/understanding-tds-on-purchase-of-immovable-property--26698.asp
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
Hopefully following articles may be helpful :
https://taxguru.in/income-tax/notices-related-tds-immovable-property-purchase.html
https://www.caclubindia.com/articles/understanding-tds-on-purchase-of-immovable-property--26698.asp
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
Message likes :
7 times
22 May 2016
Yes, seller has to file return, if income less than taxable limit after computing all heads of income claim refund.
22 May 2016
Dear Experts do not reply the same as already replied, if nothing new to say than try to reply fresh open queries? Your reply may be increase your score but due to this it waste others times.
Message likes :
3 times
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