TDS refund for a cancelled sale deed

This query is : Resolved

Anguraj (Querist)
Follow

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.,

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

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

Anguraj

Anguraj (Querist)
Follow

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

prasanth kona

THOMAS JOHN

nilesh

Chandan Kumar

Kamaljeet Kaur

Subscribe Now

TDS refund for a cancelled sale deed

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Article Assistant

CA Final

GST CONSULTANCY