1% TDS which I paid for the builder appears in my Form 26AS.
I gave form 26QB to the builder.
My question is do I need to mention in amount while filling my ITR2 as it appears in my Form 26AS ?
2 Answers
Hi,
There is no need for the Buyer of a property to show such tds (1% TDS on property transaction) in his/her Income Tax Return.
Because you have paid tax on behalf of seller and seller will only take tds credit of such amount, in his/her ITR.
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