Tds u/s 194ia and return

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2014 A woman assessee having income from family pension and FD income has deducted TDS u/s 194IA while purchase of a flat.
This appears under PART F – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA(For Buyer of Property)of 26 AS.
- My query is where to show this in the ITR Form or whether to show at all?
- Is ITR 1 the correct return form applicable in this case?

Thanks

Rupesh Jain

Rupesh Jain (Expert)
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08 July 2014 you can file ITR-1 for if your exempt income below Rs. 5000/-
otherwise ITR-2.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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08 July 2014 no, itr 2 will be applicable.

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Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2014 My query is:

In case of a buyer of property who has deducted TDS u/s 194 IA - which also appears in PART F of 26 AS - how to show this in the return of income to be filed by the assesse?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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08 July 2014 in schedule where they are asking any tax deducted at source provide the details.

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2014 That is applicable for the seller - who gets benefit for TDS. I am talking of the buyer - where exactly in the return form do I show?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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08 July 2014 where u have deducted u have to show there only.

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2014 Mr Sampat - Can you be specific and tell the exact sheet in ITR?