I had filed income rax returns of my clients for AY 2022-23 and had claimed tds on property or deposits made in the return as same was reflected in form 26AS. however dept has not considered the said tds and raised an demand. I had filed an online grievance regarding this non- consideration of tds , but dept is not looking at it.
please provide your valuable advice and let me know if anyone has come across such cases.
Menu
Tdson property
Replies (3)
Quick Summary
Buyer of property is not eligible for tds on property purchase and only seller get the benefits..
Are you buyer or seller ?
Are you buyer or seller ?
Client is buyer and its reflected in 26AS, then why buyer is not eligible to claim tds.
Buyer deduct the tds and remit to IT department..
It's seller money deducted from sale value.So only seller is eligible to claim Tds.
The reflection of tds in 26AS of buyer is for generating form 16A and transaction recording purposes only
It's seller money deducted from sale value.So only seller is eligible to claim Tds.
The reflection of tds in 26AS of buyer is for generating form 16A and transaction recording purposes only
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
