banner_ad

SALE DEED TRANSACTION IN ITR

Others 368 views 2 replies
I deal with a person for sale of his property (immovable property) in March 19 for consideration of RS 60 Lacs.. while accepting of Advance money of RS 5 lacs he deduct TDS @ 1% and this TDS is shown in my 26As but sale deed not not executed till March 19.
In actual sale deed is executed on July 19.
My query is that while filing of ITR for. Ay 19-29 (last date 31aug 19). how to show transaction in my ITR.


Please clarify any circular or relevant rule for base
Replies (2)

If it was only advance till the end of the year, treat it as advance only, and do not claim TDS in the ITR for AY 2019-20.

The same can be claimed in ITR for AY 2020-21.

In ITR for AY 2019-2020 please show TDS deducted on advance amount under TDS schedule Item TDS3 .

See that last column indicates TDS credit being carried forward.

If you do not fill this schedule , you won't get credit in AY 2020-2021.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details