11 September 2024
I have made a TDS payment before going with the purchase of property. But the sale was called off later and am trying to get the refund for the TDS.
But while trying to fetch challan details from TRACES site, am getting below error.
"Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than ₹1. "
This means that the amount is already credited to seller PAN. In this case, how to get my refund?
11 September 2024
While paying TDS amount to ITD, had you submitted form 26QB? If yes, when you cancelled the deal the same challan needs to be cancelled. The link provided above is for its cancellation.
11 September 2024
Yes, i have submitted form 26QB. when i check the status of the challan, it says fully consumed. The TDS payment was done one month back.
11 September 2024
It may be consumed, but the form filer (property purchaser) can cancel the form itself. Follow the steps as per the link provided. In step 4 select the option DEAL CANCELLED. The confirmation of seller would be required. For more details refer: https://www.youtube.com/watch?v=JZYbu0g9j_w