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Excess deduction of tds

TDS 360 views 1 replies
For TDS on sale of property u/s 194IA, if purchaser of property has deducted and paid excessive TDS. But however he has paid correct amount i.e amount after deducting 1% to builder. Whether builder can claim that excessive TDS paid by buyer as TDS credit ?
Replies (1)

Hi Neel,

 

Yes, builder can take TDS credit of whatever TDS deducted from his payment whether its excess or less, provided purchaser submit 26QB challan cum return statement to builder with valid PAN No of builder.

 

Thanks and Regards,

Manoj B. Gavali


CCI Pro

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