Tds dedcuted u/s 194 ia....
This query is : Resolved
28 September 2018
Dear Friends,
Is it permissible to adjust the tax deducted on sale of immovable property against tax liability of the the relevant previous year?.
Is it permissible to adjust the tax deducted on sale of immovable property against tax liability of the the relevant previous year?.
28 September 2018
Yes, it is possible if the corresponding income is offered to tax in the relevant PY.
12 October 2018
Thank you, Sir....The IT Dept did not consider this while making the assessment...will ask for rectification u/s 154...Thanks ,,once more
13 October 2018
Which AY is it related to ? and Whether the IT Officer has not considered it or the Intimation received u/s 143(1). ?
13 October 2018
AY was 2017-18 .Though the assessee claimed it, but under the intimation u/s 143 no credit was given for tds related to transfer of immovable property.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- Not able to file ITR
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- GST collection on rent receipts
- Clarification Required on Business Code for 44ADA
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Foreign inward in ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
