Which Forms are Needed for TDS Refund?

You should also check which ITR form applies to you. An NRI with capital gains but no business or professional income will generally consider ITR-2, while business or professional income may require ITR-3, subject to the applicable filing rules.

A separate refund application is not normally required when claiming excess TDS through a correctly filed income tax return. However, a separate procedure may apply to certain TDS correction or refund cases.

If the buyer deducted TDS on the property sale, ask for the applicable TDS certificate and check your tax records.

For an NRI property sale, the buyer generally follows the provisions applicable to payments to a non-resident. Form 16A is commonly used for TDS on income other than salary, but check the exact certificate and reporting process for your transaction.

Also, make sure the buyer has deposited the tax correctly. A mismatch in PAN, amount, or tax reporting can delay the refund.

For most cases where TDS was deducted on a property sale, you need to file the appropriate Indian income tax return and claim the TDS credit against your final tax liability.

Keep your sale deed, purchase documents, capital gains calculation and TDS details ready. You should also check your tax credit statement to confirm that the deduction appears against your PAN.