July 06, 2021

TDS on Transactions Above Rs. 50 Lakh

 Please click ;-

https://advisor.moneylife.in/article/tds-to-be-applicable-on-buyer-seller-transactions-above-rs-50-lakh-starting-1-july/3747.html

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Finance and Accounts said...

In order to get a TDS refund on the sale of the property, the buyer should request 0.75% to 1% of the seller's TDS from the previous financial year. In general, the process is similar to that of claiming a 26s TDS refund. You need to contact the relevant branch of the bank to file the ITR. This money goes to the IT department. A seller has the right to claim credit for the TDS amount on his tax return.

September 14, 2022

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