I brought a property, deducedted TDS and now cancelled the transation. I am trying to claim refund from TRACES but got an error - Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than ₹1
Upon inspecting the challan, its status shows FULLY CONSUMED.
From above it seems seller has claimed the TDS challan amount fully.
What are my options and procedure to claim refund of TDS amount?
Ask Seller to refund you the TDS amount as he/she has used it against his/her tax liability.
Seller is not responding. How to make them responding legally
While cancellation of the deal all such amounts are to be settled. Final option is to file recovery suit..
I have the same problem - I brought a property, deducedted TDS and now cancelled the transation. I am trying to claim refund from TRACES but got an error - "Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than 1"
- I checked the challan status - its status shows FULLY CONSUMED.
But the seller has not claimed the TDS challan amount at all, he is asking me to cancel it.
What are my options and procedure to claim refund of TDS amount? Please Help! @ Dhirajlal Rambhia
Without consuming the amount the challan value cannot be zero. Seller must have claimed the TDS amount while filing ITR.
In case the amount is not consumed by him, file complaint with your jurisdictional ITO (TDS).
CAclubindia
