27q filing using single TAN

We are two buyers for a NRI property.

I filed the TDS form 27q for the property purchased from NRI using a single TAN based on the lower tax certificate.

The seller has already filed the ITR and claimed the entire amount.

TDS team is sending intimation for short deduction and interest. I have paid the complete TDS +surcharge+cess. How can I ask for getting exception for 2nd buyer not paying TDS, since i already paid.

Replies (3)
Quick Summary
This discussion addresses a common issue with filing Form 27Q for NRI property purchases when using a single TAN based on a lower tax certificate. The buyer filed a single 27Q and paid the full TDS, but the NRI seller's ITR only reflected one buyer, leading to a short deduction notice and interest. The advice suggests the seller revise their ITR to show correct buyer proportions or contact the Income Tax office directly for resolution.

It appears that the NRI has mentioned only you as the buyer in its ITR, that's the reason you are getting demand intimation.

If you can approach the NRI and he revises his ITR to mention the correct proportion of respective buyers, then IMO this intimation would be sent to the other buyer.

Otherwise, you should visit the income tax office for this.

Thank you for the reply Manish. Since I filed one form 27q instead of two, the buyer also filed the ITR with single buyer. However I have filed with challan for the entire amount. I was trying to find the TAN AO, but "know your TAN" has no contact details.

Contact TRACES. https://www.incometax.gov.in/iec/foportal/contact-us

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