TDS Refund on cancellation of sale deed
This query is : Resolved
Quick Summary
09 August 2023
we tried to apply for refund because property deal was cancelled. But when we entered all challan details, refund amount allowed shows Rs.0. Consumed amount shows the full amount we paid. how to proceed with refund in such cases?
09 August 2023
Consumed amount shows what you paid, i.e. consumed fully by seller of the property.
As the deal is cancelled, the seller will refund you the TDS amount which he/she has utilized/consumed.
As the deal is cancelled, the seller will refund you the TDS amount which he/she has utilized/consumed.
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10 August 2023
''Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than ₹1. ''
This error has been showing when Add challan and click on veiw challan details.
This error has been showing when Add challan and click on veiw challan details.
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10 August 2023
It means the challan has been consumed and the amount has been credited to the sellers PAN.
Now revise the corresponding TDS return and cancel he payment made to seller.
Now revise the corresponding TDS return and cancel he payment made to seller.
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10 August 2023
Thank you so much. for your quick response and resolved my query.
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10 August 2023
You are welcome...
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