One of my clients purchased a building and got registered in FY: 2016-17, and even deducted TDS while paying to seller and deposited such TDS. He usually have to file ITR-1 .
My question is whether there is any obligations to be followed with regarding to the transaction incurred and TDS deducted ? And or Any other ITR form to be filed ?
06 July 2017
If you deposited the tds amount with government and filed 26QB(TDS Return) then compliance from your part is over regarding this transaction.