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Abu Riyaz Zaffar
Can the 1% TDS that has been deducted on sale of property be claimed back entirely by the seller as taxfree refund or will it be adjusted against IT liability of the seller?
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It will be adjusted against Tax payable if any . For any kind of professional help, kindly connect with us www.tarunguptaca.com or call at 9216216819 .
CA Rahul Dwivedi 30 Mar 2023Dear Abu Riyaz,
First of all we have to work out capital gain on sale of property. Capital gain in case of property sale is worked out with Indexing benefit in case of long term capital asset. After that tax liability will be worked out.
The seller can adjust TDS with tax liability and balance will be refunded.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
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Kumar
Forgot to file last year tax can i file it now
You can file ITR U with late fee and tax if any. For professional help, kindly connect with us at 9216216819 or www.tarunguptaca.com
Dear Kumar,
You can file ITR upto rs. 5 Lakh income with penalty of Rs. 1,000/- If your TDS deducted it will be adjusted.
For Income More than Rs. 5 Lakh we have to work out tax liability amount.
For Further Consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
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Abrar Ahmad Hashmi
I want to file ITR i need advice on it
For any kind of professional help, kindly connect with us www.tarunguptaca.com or call at 9216216819 .
Dear Abrar ,
For ITR Consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
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Abrar Ahmad Hashmi
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Abrar Ahmad Hashmi
