rakesh (student) (457 Points)
27 July 2023Hi,
NRI client had not declared income from Capital Gain in PY 21-22 in his ITR since buyer of property didn't paid TDS in PY 21-22. Now the TDS was paid in PY 23-24 and client wants to declare capital gain income in PY 22-23 and claim TDS paid now. Can he do so and how to claim TDS in this case.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 27 July 2023
Check form 16B, how can buyer pay TDS for FY 2022-23, when the deal was registered in FY 2021-22?
rakesh
(student)
(457 Points)
Replied 27 July 2023
Sir, TDS was paid with FY 21-22 in TDS challan in this July , can client declare income in PY 22-23 and claim TDS in PY 22-23
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 27 July 2023
It will be difficult to get the TDS adjustment in next FY.
Rather file updated return for AY 2022-23.
CAclubindia
