As per IT rules, I had paid 1% TDS on the Flat Consideration Amount which I bought last year. Example: Rs. 60,000 was paid as TDS for the flat cost installment of Rs 60,00,000. However this flat sale deed total amount (60L) has been added as an income on my AIS statement and pre-filled Income data for IT returns filing. Please note that this flat was purchased from my last 10years savings and is definitely not an income for me.
This means, suppose my salary is 10L, my current year total income on IT portal is appearing as 10+60 = 70 and an outstanding Income tax still pending on balance 60L (Tax Payable on this amount). This is appearing on the pre filled Income page on IT portal + my AIS. Could you please advise how to get this fixed? [I dont want to edit this manually because if Edited income is lesser than pre filled Income I will definitely get a notice.
CAclubindia
