TDS Claim year

This query is : Resolved

Quick Summary

For a property sold on 28 March 2026 with TDS deposited in May 2026, TDS credit issues may arise if reflected in a later tax year. If the online correction window has closed, the buyer may need to approach the Jurisdictional Assessing Officer for a manual correction.

Vijay Shinde

Vijay Shinde (Querist)
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17 June 2026 Since the property was registered and transferred on 28 March 2026, but the buyer paid the balance amount and deposited TDS in May 2026 (Tax Year 2026-27), in which assessment year should I claim the TDS credit of 2 lakh ?

Can the TDS credit be claimed against the capital gains reported for the property sale dated 28 March 2026, or must it be claimed only in the tax year in which Form 132 reports the TDS?

TDS entry showing in Tax year 2026-27 not in 2025-26

Has anyone dealt with a similar Form 132 / Tax Year 2026-27 transition case under the new Income-tax Act, 2025? or anyone tried to change the assesment year after 7 days window close

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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17 June 2026 Check if buyer can change the year of sale through ITO(TDS).
As per TDS certificate received by you what is the date of sale of the property?

Vijay Shinde

Vijay Shinde (Querist)
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17 June 2026 sale of property is 28 march 2026, is this possible with correction form 102?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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18 June 2026 Yes; if the 7-day e-Filing window has passed, you must approach your Jurisdictional Assessing Officer (JAO) to process the correction manually.

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