Dear Experts,
Good Evening all of you. I have a very simple question. I am in the process of filing return of my client who has bought Property during the FY 2019-20 and has deducted TDS of Seller and issued the seller Form 16B.
The said client will be filing Form 4 (Other Income are from Profession) , Capital Gains.
My question is does the buyer of the property need to show any kind of details for Form 16B in his Income Tax Return or mere deduction is more than enough.
The said ITR 4 Form even does not have any column for Form 16B though it has column for Form 16C / D which are not applicable to my client.
Regards,
Manik
CAclubindia
