TDS on Property

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Drashti Kotecha (Querist)
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12 February 2021 Hello
One of my NRI Client have purchased property in 2015 . Not filed 26QB. If I now file 26QB credit will go in 2015 only. Is there any way that builder can get credit in current year.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 February 2021 Not a problem obtain a certificate from a CA that builder has considered the income on such sale in 2015 in his ITR and paid taxes.

Drashti Kotecha

Drashti Kotecha (Querist)
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13 February 2021 You mean to say in that scenario they might have paid taxes and so we dont need to file returns?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 February 2021 If you file return now interest and late filing fees payable. If you receive notice for non filing of 26QB obtain a certificate from CA.
You can't file in current date.

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