TDS 194 IA refund for long term capital loss

Hi All,
I have one query. One of my client (resident) sale of house property which is more than 50 lac, it was tds deducted 1% by buyer in fy 2021-22. While selling it was long term capital loss. Same also I was filling in ITR 2. Claimed the TDS deduction, but I checked intimation calculation is OK but tds paid column is mismatching. Evenif that tds paid amount is reflecting in 26AS.

pls guide me what to do in this case
Replies (3)
Quick Summary
This discussion addresses a query regarding a TDS refund for a client who incurred a long-term capital loss when selling a house property. Despite the buyer deducting 1% TDS, the client's Income Tax Return (ITR) shows a mismatch in the TDS paid column compared to the 26AS statement. The advice suggests that even with a capital loss, TDS can be deducted, and the taxpayer should file their ITR declaring the loss. The tax department will then verify the claim and process the refund for any excess TDS deducted.

File rectification request u/s. 154 IT act.

Sir 26AS payment figure is sale value where 1% tds deducted, but in ITR ltcg income schedule loss I declared, I checked its income mismatching so pls guide me what I have to do?

Even if for loss on the sale of property TDS would be deducted by purchaser. You can file ITR and declare the loss. Department will check its authenticity, and refund the excess tax deducted, if any.

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