Residential Property Purchase Reflecting in AIS of 2024-25 Pertaining to 2019-20
This query is : Resolved
13 July 2025
We had purchased a residential property in joint names which included me, spouse & daughter. Since property value was Rs. 77 lakhs, TDS has been paid in fy 2019-20 & agreement to sale was signed in 2020-21. Subsequently the sale deed has been signed in 2024-25 and this transaction of sale deed is reflecting in AIS of 2024-25 for me, my spouse & daughter.
I have 2 queries:
1. Since the TDS has been paid in fy 2019-20 should we correct the same in AIS by option it under - Information pertains to previous year/PAN.
2. The entire TDS was paid by me since the entire payment is made by me. Should I show the transaction value as "0" for my spouse, daughter and the entire transaction value of Rs. 77 lakhs in my AIS.
Thanks
I have 2 queries:
1. Since the TDS has been paid in fy 2019-20 should we correct the same in AIS by option it under - Information pertains to previous year/PAN.
2. The entire TDS was paid by me since the entire payment is made by me. Should I show the transaction value as "0" for my spouse, daughter and the entire transaction value of Rs. 77 lakhs in my AIS.
Thanks
14 July 2025
For all the three respond information pertains to previous year.
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