Income from property

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2017 Dear sir/ madam

I am salaried person. I have taken a land orchid property for which my tds is deducted by the bank on behalf of seller . So while filing the retns which itr should I use ?As The TAN no of buyer is not there.And Itr 1 asks for TAN no.
I have only form 26QB . Please help. Urgent Thanks

04 August 2017 I have taken a land orchid property for which my tds is deducted by the bank on behalf of seller .


Pls clarify whether you are the seller or buyer. Because, tds on sale of property will be done by buyer while making payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2017 I bought property last year for which tds is deducted by me on behalf of seller , . I have got 26QB. Can I claim the amt deducted or seller should claim it?
1.Which ITR is suitable for me as earlier I used to file ITR 1. I have salaried income.


Pls help .Very Thanks.


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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2017 I bought property last year for which tds is deducted by me on behalf of seller , . I have got 26QB. Can I claim the amt deducted or seller should claim it? 1.Which ITR is suitable for me as earlier I used to file ITR 1. I have salaried income. Pls help .Very Thanks.

05 August 2017 The tds that you have paid is on behalfof the seller and only he can claim it

05 August 2017 If you have only one property, you can continue filing ITR 1. if more thannews one property, then ITR 2

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2017 Thanks a lot Sir for your prompt and accurate reply.



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