TDS Refund on cancellation of Sale Agreement
This query is : Resolved
02 May 2025
I have filed extra TDS on purchase of property due to which seller rejected it and told to file it again with the correct TDS amount. So, I filed second TDS with correct amount now.
The first TDS is showing 1% of property value as consumed amount and extra TDS as unconsumed amount. Traces site allows me to get the refund of unconsumed part but as I have already filed the second TDS so I want the complete amount refunded from first TDS.
After researching, I am able to find that I need to make corrections in first TDS challan and them claimed the amount. My concern is what kind of corrections I need to make so that challan would show all the amount in unconsumed section.
The first TDS is showing 1% of property value as consumed amount and extra TDS as unconsumed amount. Traces site allows me to get the refund of unconsumed part but as I have already filed the second TDS so I want the complete amount refunded from first TDS.
After researching, I am able to find that I need to make corrections in first TDS challan and them claimed the amount. My concern is what kind of corrections I need to make so that challan would show all the amount in unconsumed section.
03 May 2025
See the link for your help
https://prakashaandco.com/tds-refund-process-guide/
https://prakashaandco.com/tds-refund-process-guide/
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