banner_ad

Income Tax and TDS on Sale of Property

Tax queries 407 views 1 replies

Hi All, 

 

I bought a flat in Mumbai at 56 L in June 2017, now in April 2025 , I m selling flat at 63.5L, broker said buyer will pay 1% as TDS and later it will be refunded to me when I file ITR ,Can someone please help me to understand at the time filing my  ITR how much tax I should pay(definitely for me it is long term capital loss)and how tds will be adjusted/refunded?

thanks in advance 

Regards,

Santhosh.

Replies (1)

Your tax liability over sell of the flat will be nil. Your other income would be taxed as per regular assessment and the TDS would be adjusted against the tax liability, if any. Excess would be refunded back.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details