My uncle is has entered into a joint development agreement with a builder where in he receive Rs. 8,00,000 from the builder during F.Y 2019-20 as cash and will receive 4 flats the estimated date of completion is during F.Y 2021-22. The builder has deducted TDS @ 10% on the cash payment. Now since the incidence of tax will be during F.Y 2021-22 can I claim refund of TDS deducted during F.Y 2019-20.
Refund of TDS for property under joint development in the year of transfer.
Sudipta Das (student cwa (Final)) (191 Points)
08 March 2020
CAclubindia
