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Refund of tds u/s 194ia

TDS 2572 views 2 replies

Dear Sir,

What is the remedy if TDS has been deposited us/ 194IA against advance payment for a real estate deal and subsequently the deal fall through. How to claim back the TDS?

Best Regards

Rajiv

 

Replies (2)

Deductor can claim back excess paid TDS by filing form 26B :::

"Amended Form 26B also clarifies (by way of inserting ‘Notes’)that the following changes for claiming refund relating for excess TDS deducted u/s 194IA (TDS on sale of property ) the deductor in Form 26B has to mention

  • His PAN  instead of TAN in Form 26B;
  • Leave the column II(5) in Form 26B of ” period” as blank;
  • In the column II(7) in Form 26B of “Receipt number of relevant statement ” mention the acknowledgement no. of Form 26QB ."

notification45_2017 attached


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