Hello All,
I would really appreciate if someone can help me here.
I want to know the following. I sold one property in the finacial year 2014-15 and made a Long term capital loss of 10 Lacs and carried it forward to next fiscal year i.e. 2015-16. I also sold one more property in Financial year 2015-16 and made a profit of 8 Lacs. As this time property transaction was more than 50 lacs, buyeer deducted the TDS of 60 Thousand.
While filing the return i am summing up the Long term loss from Prev year and Long Term Gain from this year. Overall i am still under the Long term loss which i can carry forward to next year. My question is, can i ask for refund of TDS which buyer has deducted as overall i made no profit out of these transactions.
Regards, Vinay