Ramadevi Srinivasan (CA Job) (65 Points)
18 July 2024I sold house property to joint buyers. They have dedcuted 1 % TDS and the same is reflected in AIS properly. While filling Schedule TDS2 in the ITR Form (ITR 2), the TAN of deductor is required. But as these buyers are individuals no TAN is avaialble. The AIS shows acknowledgement number, PAN number of deductor and TDS certificate number.
How to fill in the TAN column in Schedule TDS 2 in the above scenario?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 18 July 2024
Fill PAN no. of Deductor.
Ramadevi Srinivasan
(CA Job)
(65 Points)
Replied 18 July 2024
Thanks Dhirajlalji!
Any idea whether I can fill TDS 3 for this transaction - I was not sure whether to fill TDS 2 or TDS 3 - all these years have filled TDS 2 only as my TDS was for salary or other income. But hsi year I have sold house property so am not sure which schedule to use. Since this TDS is for sale of property will it go in TDS 3? The AIS shows the section of TDS as 194IA (RV). And I think the TDS 3 does not require TAN but has column for PAN of the buyer.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 18 July 2024
Download the prefilled ITR. The file will automatically remove your doubt.
Ramadevi Srinivasan
(CA Job)
(65 Points)
Replied 18 July 2024
The ITR return does not show any of the TDS or even advance tax paid . But it is all shown in the AIS. I have not downloaded the prefilled return though. I am talking of the shcdeules ehile filing. Many fields have been auto populated like interest income etc. But the tax paid schedule is not auto populated this year for some reason. Last year it was all showing automatically.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 18 July 2024
Yes, these schedules are filled up in the prefilled ITR. Downlaod it. There is no time for learning the schedules now.
CAclubindia
