Vikrant (SA) (74 Points)
11 July 2022Hi,
I have purchased a property jointly with my wife, however demands of builder and fully fulfilled by me. I am paying the TDS on property as per every demand. The same TDS is visible in my AIS and PART-E and PART-F in 26AS and in PART-E of my Wife 26AS.
Question is do I need to mention it anywhere in ITR2 (for me) and ITR1 (for wife). If yes then in which section.
Any help would be really appreciated.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 11 July 2022
No question of any declaration in ITR for property purchased, unless any claim for deduction is made.
Abhishek Sinha
(24 Points)
Replied 11 July 2022
As per IT rules, I had paid 1% TDS on the Flat Consideration Amount which I bought last year. Example: Rs. 15,000 was paid for the flat cost installment of Rs 15,00,000. However this flat sale deed amount has been added as an income on my AIS statement and pre-filled Income data for IT returns filing.
This means, suppose my salary is 10L, my current year total income on IT portal is appearing as 10+15 = 25L. Could you please advise how to get this fixed?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 11 July 2022
Give feedback for correction in AIS...
For steps Refer:
https://economictimes.indiatimes.com/wealth/tax/how-to-get-errors-in-annual-information-statement-corrected/articleshow/87731142.cms
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 11 July 2022
CAclubindia
