Tax audit applicable or not to following circumstances

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tax Audit applicable or not in following situations. *if sale of ancestors agriculture land to 1.5 core . *if purcheser has dudected tds. @ 1% ie. rs.150000 .how to get Refund this amount . * how to file IT returns plz give a clarifications
Replies (9)

Hello Kiran,

Just simply file you r ITR for the relevant financial year and claim TDS deducted thereon. The aforesaid income shall be shown as exempt income and you can claim refund of the tds deducted thereon.

Regards,

CA Saurabh Singh,

7210864420

Why u have allowed him to deduct tax. Ur transaction is not subject to section 194IA. Buyer should not deduct tax. Ask him to refund your TDS.

or file your return and claim for refund.

thanks for yours informations, but in which ITR i should use to file returns. 

except the above transaction do you have any other income

ya iincome from intrest

You can file ITR1, and sho the tds deducted and income from exempt source along with interest.

i think, ITR -1 only for salary income, then how can i file

ITR 1 is for salary and other source income so file it and get your refund.

Ask from buyer why u have deducted my Tax.

ITR 1 is for Individuals having,

Salary Income,

Income from 1 House,

Exempt Income

Other sources Income

Hence you are covered above


CCI Pro

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