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.,
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.
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
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