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High value transactions -ecampaign


03 January 2024 Mail received from the Income tax department regarding high value transaction related to 'Sale of land or building' under sections TDS-194IA(RV) and SFT-012. Under SFT information the amount reflected relate to 2 parties having distinct PAN numbers, regarding sale of inherited house property. Both assesses have filed the returns, including capital gains. Only one of the individuals has received the e-campaign notice via email. There are various options to respond, namely:
Option A: Information is correct
Option B: Information is not fully correct
Option C: Information relates to other PAN/year
Option D: Information is duplicate/included in other information
Option E: Information is denied

Which option should be selected while submitting the response. If Option C is selected, then there is an option to specify all PAN related to the transaction (including self, father, mother, sister, all other relationships are specified under drop-down menu).
Additional information: The amount is double as 2 parties, Should Option C be selected and all the persons' PAN be added?

14 January 2024 Option C looks good to me as well but let us wait for other's feedbacks as well


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