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Property buyer deposited TDS in wrong year? How Form 71 can help sellers claim credit and rectify the error within 2 years

When you are selling a property, the buyer needs to deduct TDS at a specified rate from the sale price and deposit this TDS with the Income Tax Department against your PAN. In the past, many buyers ...
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ITR: Has your TDS got deducted in the wrong FY? You can use this new income tax return form

The Income Tax Department has issued Form 71 to help taxpayers rectify incorrect TDS deductions. Individuals can submit requests from October 1. Taxpayers have a deadline of two years to use Form 71.

Sold property for Rs 94 lakh but lost Rs 21 lakh TDS due to buyer’s error; how Form 71 helped seller win relief from ITAT Delhi

A property seller successfully claimed a Rs 21 lakh TDS credit at ITAT Delhi after the buyer mistakenly deposited it in the ...