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TDS Credit declaration by the employee to his employer

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(Querist)
09 September 2024 An Employee is having taxable income from his salary. But he is requesting his employer to deduct tds on salary income after considering his tds credit from sale of this property i.e., If the employee's salary tds is ₹.1.50 lakhs, he is asking the employer to deduct only ₹. 50k, because the buyer of his property has deducted tds of ₹. 1.00 lakh from him and the same is reflecting in this 26AS.

I question is whether the employer should accept the employee's above request.

Please help ..

Rejiesh

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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
09 September 2024 No. Not tenable.
If there was no tax liability over sell of property, he could have obtain such certificate from his ITO.

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