Communication of proposed adjustment u/s 143(1)(a) of income

Deepak Singhal (1 Points)

28 July 2017  

Dear Tax Advisors, 

I have recevied a notice from income tax department fro my wife, they are say it is discrepancy in Form 16 and Form 26AS. here are the detials 

Sl.No Form used for comparison Income as per Return Income as per Form Proposed addition of income
1 Form 16A/16-Other Income 0 2026345 2026345
2 Form 16/16A-Gross Total Income 481659 2508004 2026345
3 Form 16/16A-Taxable Total Income 331660 2358004 2026344

it looks to me that they are including the amount which we have paid to builder by buying the new property on which we have deducted the TDS, 

below are the detials from from Form 26 AS

ART A2 – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA(For Seller of Property)

Sr. No.

Acknowledgement Number

Name of Deductor

PAN Of Deductor

Transaction Date

Total Transaction Amount ( Rs. )

Total TDS Deposited** ( Rs.)
1 AD7275074 XXXX KUMARI GARG XXXXXXXXXX 21-Jan-17 1,414,142.00 0.58
2 AD6205275 XXXX KUMARI GARG XXXXXXXXXX 21-Jul-16 612,203.00 4.97
    Gross Total Across Deductors     2,026,345.00 5.55

can some one please help me

Thanks,

Deepak