Refund of tds amount deducted bu buyer during sale of site

216 views 1 replies

I AM A SENIOR CITIZEN FILING ITR 1 FOR IN COME FROM PENSION AND INTERST ON MY INVESTMENT , NOW  I HAVE SOLD A SITE , THE BUYER HAS DEDUCTED AMOUNT TOWARDS TDS AS PER RULES , TO OBTAIN REFUND SHALL I  FILE ITR 1  AND  HOW TO  INTIMATE RECOVERY AND CLAIM AFTER PER PURCHASE OF BUILDING OUT OF PROCEEDS OF SELLING

Replies (1)

You will have to file ITR2 for declaration of capital gains from sale of the site and any exemption claimed u/s. 54f.

Balance of TDS amount after deduction of any tax liability can be claimed as refund......


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register