TDS Refund on cancellation of sale deed
This query is : Resolved
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.
Message likes :
1 times
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.
Message likes :
1 times
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.
Message likes :
1 times
10 August 2023
Thank you so much. for your quick response and resolved my query.
Message likes :
1 times
10 August 2023
You are welcome...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Loan by Partnership Firm
- Tax liability on income of freelancer
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Specified Profession
- Agriculture income or business income
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
