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Claim tds without showing income

TDS / TCS 278 views 1 replies

Solution required

There is a sale of property for Rs. 80,00,000 and capital gain arises in FY 2019-20. But an advance sum of Rs. 20,00,000 has been received during FY 2018-19 after deducting TDS of Rs.20,000(1%) - Form 26QB is filed.

What to do to claim Credit of TDS of Rs.20000 in AY 19-20 without showing capital gain income in same year i.e. AY 29-20???

Replies (1)

Any claims of TDS shall be accompanied by matching income in the same assessing Year.  You can choose to C/O the TDS to next AY if the income is received in next FY.


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