AIS Feedback on Property sale with joint name
This query is : Resolved
27 October 2025
Sir,
A residential property was purchased in 2021 in the joint names of husband and wife. However, the entire payment for the property, including TDS, was made by the husband only. Accordingly, the property was recorded in the husband’s books of accounts as 100% ownership in his name.
Now, in 2025, the property has been sold, and the buyer has deducted TDS in the husband’s name only. The entire sale consideration has also been received in the husband’s bank account.
However, the transaction is reflected in the AIS of both the husband and wife due to joint ownership in the property registration documents.
Kindly advise — For feedback to be given in AIS ? and paper work to be done for any litigation in future
A residential property was purchased in 2021 in the joint names of husband and wife. However, the entire payment for the property, including TDS, was made by the husband only. Accordingly, the property was recorded in the husband’s books of accounts as 100% ownership in his name.
Now, in 2025, the property has been sold, and the buyer has deducted TDS in the husband’s name only. The entire sale consideration has also been received in the husband’s bank account.
However, the transaction is reflected in the AIS of both the husband and wife due to joint ownership in the property registration documents.
Kindly advise — For feedback to be given in AIS ? and paper work to be done for any litigation in future
27 October 2025
As husband will be liable for the full capital gains liability over the deal, need to file feedback in wife's PAN (AIS) about the shifting the liability along with TDS credit (if any) in favor of Husband's PAN.
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