ITR before AIS feedback
This query is : Resolved
20 July 2024
Hi Sir/Ma’am,
There is some incorrect information in AIS but it’s been 3 days and income tax site throws an error while submitting the feedback in AIS.
What can be done in this case?
Thank you
There is some incorrect information in AIS but it’s been 3 days and income tax site throws an error while submitting the feedback in AIS.
What can be done in this case?
Thank you
20 July 2024
File feedback as early as possible. If the incorrect information doesn't relate to any income, then don't wait for filing ITR.
20 July 2024
The incorrect information is about the property. Instead of property purchase, it is showing as sale.
20 July 2024
Had you deducted TDS? or it was not applicable?
20 July 2024
Yes, it was deducted.
Two parties were involved in purchase.
Each party paid total_amount/2
And 1% of (total_amount/2) was deducted as TDS by both parties
Two parties were involved in purchase.
Each party paid total_amount/2
And 1% of (total_amount/2) was deducted as TDS by both parties
20 July 2024
In that case did you file the form 26QB properly? Whether the tax credit reflects in seller's 26AS?
20 July 2024
Yes, I filed the 26QB and it's being reflected in seller's 26AS.
Property Value: 62 lakh
Two parties involved and each paid 31 lakh each.
Each paid 31k TDS
AIS > Part B > TDS/TCS Information Tab
Please refer to screenshot 1 in below folder
AIS > Part B > SFT Information Tab
Screenshot 2
My doubt is about the data in Screenshot 2
https://drive.google.com/drive/folders/1VNMyERpqGwvib2fNYQdasVqKdNwrFt3e?usp=sharing
Property Value: 62 lakh
Two parties involved and each paid 31 lakh each.
Each paid 31k TDS
AIS > Part B > TDS/TCS Information Tab
Please refer to screenshot 1 in below folder
AIS > Part B > SFT Information Tab
Screenshot 2
My doubt is about the data in Screenshot 2
https://drive.google.com/drive/folders/1VNMyERpqGwvib2fNYQdasVqKdNwrFt3e?usp=sharing
20 July 2024
If Mr Mohan Garde.... is seller of the property, there is no dispute. Go ahead with filing ITR.
20 July 2024
No, it’s the property address.
20 July 2024
If the TDS of 62K is reflecting under Part A2 of the sellers 26AS, and if 31K is reflecting in Part F of Form 26AS of both buyers, then again it is correct.
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21 July 2024
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