TDS Credit on Part Payment Allowed Despite Prior Taxation

Yogesh Gandhi Vs ACIT (ITAT Delhi)

Once Capital Gain Taxed in Earlier Year, Subsequent TDS Must Be Given in Later Year- ITAT Delhi Allows Full TDS Credit:

Assessee, an NRI, had sold a property for ₹2,97,50,000 in FY 2018-19 & offered the entire capital gain in AY 2019-20 after claiming TDS of ₹47,24,200 deducted on ₹1,97,50,000 actually received then. The balance ₹1,00,00,000 was paid later in AY 2023-24, on which the developer deducted TDS of ₹23,92,000. Assessee claimed this TDS in AY 2023-24 since income had already been fully offered in AY 2019-20.

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