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Refused refund of tds on property through revised itr - 2

ITR 802 views 2 replies

Dear Sir,

         ITR 1 was filed after Due Date. There was one transaction of Refund on TDS on Sales of Property. As one can not claim Refund of TDS on Sale of Property u/s. 194IA in ITR-1, Hence Income Tax Helpline advised to file Revised ITR-2. The same was filed along with ITR-1 after Due Date as Taxpayer was out of country. 

      Now no Refund of TDS on Sale of Property has been made. CPC of Income Tax Dept. claim that as Original Return was filed after Due Date, Revised ITR-2 becomes Invalid. Hence Request for Refund of TDS on Property can not be processed.

Now the Question is: In such scenario, How can Taxpayer claim the Refund of TDS on Sale of Property?

Request your valuable guidance in this regard.

Thanx in advance

Replies (2)

Belated return can not be revised but however the refund claim might be admitted.

If the time limit of filing the belated return (i.e within  1 year from the end of relevant assessment year) has not lapsed, kindly file a belated return

Do not file revised return [139(5)] rather file return u/s 139(4)]

HI . I have sold a property for 60 Lac . Buyer has deducted the TDS of 60 K & paid me rest of amount .  I am checking in my  26 AS then I can see the TDS is deposited by buyer but against TDS deposited in 26 AS " 0 " amount is mentioned . I requested buyer to share the Challan copy  & as per that buyer has also deposited the 60 K but instead of paying 60 K as basic tax , he has put the amount in others in net banking portal . now what should I do . I have requested buyer to do amendment but he is not doing . can I file a case or complaint of same to income tax department or consume court 


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