Refund of 1% tds on sale of property

Iam Singho (none) (91 Points)

08 January 2015  

I am making a loss on the selling of a house property.

The sale amount is 60 lakhs. The indexed cost of aquisition is Rs 62.5 lakhs.

Buyer is deducting Rs. 60,000 as TDS for sale amount of more than 50 lakhs.

Is there any way not to have the buyer do this TDS ?

Otherwise, how do I claim this refund of Rs. 60,000 ?

Thanks in advance.

-Iam