Real estate agent comission & tds refund

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Good evening,

I am a real estate agent working with top developers in Bangalore.

We have done about 8 deals with a developer and have claimed commission on the deals completed.

TDS was deducted on the value claimed and we receieved the cheque's from the developer. Post which, we have paid the service tax pertinent for the deals completed.

My question is:

  1. How do we get a refund of the TDS? 
  2. Is there a limit on the amount of TDS that can be claimed since the payout was done by only one developer towards all the 8 deals?
  3. Or are we eligible to apply for a refund of TDS for all the 8 deals?

Your help and advice in this regard would be highly appreciated.

Warm Regards,

Team Brikz

Replies (1)

You cannot claim the TDS. You can only claim the credit of TDS in your ITR. You will have to file your ITR, compute your tax liability, and use the TDS certificate received from the developer to get tax credit. TDS shall reduce your tax liability. Check 26AS.


CCI Pro

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