Refund of TDS deposited on Property
This query is : Resolved
27 March 2021
Dear Sir,
We have deposited TDS on property but the same was deposited late and the party was unable to claim it in his ITR. The case pertains to A/y 2018-19. Can we as depositor of TDS claim it as refund. of it as we have received mail from company that they were not able to claim the amount as refund in there ITR.
We have deposited TDS on property but the same was deposited late and the party was unable to claim it in his ITR. The case pertains to A/y 2018-19. Can we as depositor of TDS claim it as refund. of it as we have received mail from company that they were not able to claim the amount as refund in there ITR.
27 March 2021
You can't claim it as refund. They can file rectification under tax credit mismatch and claim it.
27 March 2021
Is there any instruction/ circular from department how to claim this mismatch
27 March 2021
See the link.
https://www.incometaxindia.gov.in/Pages/tax-services/request-for-rectification.aspx#:~:text=Select%20any%20one%20of%20the,Type'%20from%20drop%20down%20list.&text=Tax%20credit%20mismatch%20correction%20only,check%20boxes%20will%20be%20displayed.&text=You%20may%20select%20the%20check,for%20each%20of%20the%20selections.
https://www.incometaxindia.gov.in/Pages/tax-services/request-for-rectification.aspx#:~:text=Select%20any%20one%20of%20the,Type'%20from%20drop%20down%20list.&text=Tax%20credit%20mismatch%20correction%20only,check%20boxes%20will%20be%20displayed.&text=You%20may%20select%20the%20check,for%20each%20of%20the%20selections.
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