05 August 2013
As per the recent budget the buyer purchasing the property has to deduct TDS on value of more than Rs 50lacs ,So one of the buyer has deducted TDS and had done the payment also to the department in the different head while doing the payment of TDS he has selected the option others instead of Income tax but the payment has been done.
The 26AS of the seller does not reflect the TDS amount,however its shows the amount credited and date of deposit but the TDS amount is not reflecting,so can the seller claim the credit of TDS ?
CAclubindia
