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Refund of tds u/s 194ia

10 April 2018

Dear Sir,

What is the remedy if TDS has been deposited us/ 194IA against advance payment for a real estate deal and subsequently the deal fall through. How to claim back the TDS?

Best Regards

Rajiv

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2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185456 Points)
Replied 10 April 2018

Deductor can claim back excess paid TDS by filing form 26B :::

"Amended Form 26B also clarifies (by way of inserting ‘Notes’)that the following changes for claiming refund relating for excess TDS deducted u/s 194IA (TDS on sale of property ) the deductor in Form 26B has to mention

His PAN instead of TAN in Form 26B;
Leave the column II(5) in Form 26B of ” period” as blank;
In the column II(7) in Form 26B of “Receipt number of relevant statement ” mention the acknowledgement no. of Form 26QB ."