One of my client sold one property for 67 lacs...he received 57 lacs for that. But unluckily deal was cancelled. So, he had to give back what he had received. My question is that buyer have deducted 57 thousands tds under section 194ia...and it was showing in 26AS...so, we claimed it...now AO have issued a notice as capital gain transactions were not there in return...
What to do???
All dear experts are requested to answer...
If the deal was cancelled, you should not have claimed TDS...
The purchaser can claim the TDS as refund...
Rectify the mistake....
CAclubindia
