banner_ad

TDS refund for a cancelled sale deed

This query is : Resolved 

26 July 2024 Hi all
I am an individual and paid the TDS for buying a property. Unfortunately, the sale was cancelled. Now I went to TRACES and tried to submit the refund under statement - raise a refund -> refund due to cancellation.

After I fill all the challan details, I get the below error "Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than ₹1."

I read in the forum that we need to revise the corresponding TDS return and cancel the payment made to seller.

Can you please advise, the steps to revise the TDS and cancel the payment to seller?
Do I need to do this
go to statement -> Request for correction - > provide challan details -> go to correction request and make the amount paid and property value as zero? if yes what should I mention for other details like property and seller etc.,

26 July 2024 https://taxguru.in/income-tax/e-tutorial-request-26qb-refund.html

26 July 2024 Thank you.
I followed by buy I am getting the error Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than ₹1.

26 July 2024 Contact Helpline with screenshot


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details