I purchased property from an NRI the Seller CA applied TAN (A) in my name and applied for LDC unawre of that I also applied for TAN ( B) I shared the TAN i applied with seller but due to miscommunication he still applied LDC on TAN (A) now I paid TDS and filed Returns on TAN (B) and short deduction Notice is issued in the TAN (B) what remedy can be done??
@ Ahemad Raza Kaludi
What TDS was deducted by you for purchase of the property?
If you deducted only 1% then that is wrong.
Purchasing from an NRI, the TDS is 20% [ still not changed to 12.5% ] plus 4% Cess on that 20%.
So you have to do accordingly.
Regarding duplicate TAN correction and refund/adjustment, someone more experienced has to answer. Why dont you ask the seller CA to correct this situation?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
