Refund of TDS on Property

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  1. ronak thakkar

    ronak thakkar New Member

    AS I SALE PROPERTY FOR 66 LACS , DEN THE TDs WOULD BE APPLICABLE , IS TDs DEDUCTED IS REFUNDABLE OR ADJUSTED IN FINANCIAL YEAR RETURN ?
     
    ronak thakkar, Aug 12, 2014
    #1
  2. Neha Sharma

    Neha Sharma Active Member

    1. Yes, TDS would be deductible as the amount is over Rs. 50 Lakhs.

    2. This would be adjusted at the end of the Financial Year from the income tax payable by you. In case the TDS deducted is more than the Income Tax payable at the end of the year, you will get the TDS refund.
     
    Neha Sharma, Aug 12, 2014
    #2
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