TDS Deducted under Purchase of immovable property (Section 194IA)

Dear CA group,

I have booked a home in the FY22-23 and for that I am paying the amounts as mentioned in yearly paying plan shared by builder. so I have paid builder partial amount in FY22 and also will be paying amounts in FY23 , FY24, FY25. 

For the amounts i have paid FY22-23, there is a TDS that I am depositing using the form 16B. The amount of TDS that I have paid is also reflecting in the Annual Information Statement (AIS) form. 

I need help to understand on two questions from the ITR 2 perspective

1. if those amounts that I have paid using 16B needs to be reported under below in the ITR ? 

TDS 3 - Tax Deducted at Source (TDS) on Income 

As per Form 16B/16C furnished by Deductor(s)

2. If it needs to be reported then for question , "TDS credit relating to [Spouse as per section 5A/Other person as per Rule 37BA(2)]"  where self and other person options are coming . what is to be selected here ? 

I am salaried person with additional income due to capital gains and filing ITR 2.  

Thanks for your guidance. 

regards

KV

Replies (3)
Quick Summary
This discussion clarifies the reporting requirements for TDS deducted under Section 194IA when purchasing immovable property. The user, who paid TDS on property booking in FY22-23 and is filing ITR 2, inquired about reporting this TDS in their return. The consensus is that TDS deducted and deposited by the buyer under Section 194IA (using Form 16B) does not need to be reported in the Income Tax Return (ITR).

1. No. You are not required to report the TDS deducted by you in ITR.

2. Not applicable.

Thanks sir for your valuable inputs 

Most welcome.            

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