ITR before AIS feedback

This query is : Resolved

(Querist)
Follow

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

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
Follow

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.

Jatin Sachdeva online

Jatin Sachdeva online

(Querist)
Follow

20 July 2024 The incorrect information is about the property. Instead of property purchase, it is showing as sale.

Upgrade to CAclubindia Pro. Subscribe Now!

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
Follow

20 July 2024 Had you deducted TDS? or it was not applicable?

Jatin Sachdeva online

Jatin Sachdeva online

(Querist)
Follow

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

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
Follow

20 July 2024 In that case did you file the form 26QB properly? Whether the tax credit reflects in seller's 26AS?

Jatin Sachdeva online

Jatin Sachdeva online

(Querist)
Follow

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

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
Follow

20 July 2024 If Mr Mohan Garde.... is seller of the property, there is no dispute. Go ahead with filing ITR.

Upgrade to CAclubindia Pro. Subscribe Now!

Jatin Sachdeva online

Jatin Sachdeva online

(Querist)
Follow

20 July 2024 No, it’s the property address.

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
Follow

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.