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
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Refund of tds u/s 194ia
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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