ITR before AIS feedback

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A user is facing issues submitting feedback on their AIS due to an error on the income tax portal, which has persisted for three days. The incorrect information pertains to a property transaction, mistakenly showing a sale instead of a purchase. While TDS was deducted and reflected correctly in Form 26AS for both buyers and sellers, the user is concerned about proceeding with their ITR filing. The advice given is to file the ITR even if the incorrect information doesn't relate to income, but to address the property sale error if possible. It's confirmed that TDS details are appearing correctly in the relevant sections of Form 26AS.

Jatin Sachdeva

Jatin Sachdeva (Querist)
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20 July 2024 Hi Sir/Ma’am,

There is some incorrect information in AIS but it’s been 3 days and income tax site throws an error while submitting the feedback in AIS.

What can be done in this case?

Thank you

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 July 2024 File feedback as early as possible. If the incorrect information doesn't relate to any income, then don't wait for filing ITR.

Jatin Sachdeva

Jatin Sachdeva (Querist)
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20 July 2024 The incorrect information is about the property. Instead of property purchase, it is showing as sale.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 July 2024 Had you deducted TDS? or it was not applicable?

Jatin Sachdeva

Jatin Sachdeva (Querist)
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20 July 2024 Yes, it was deducted.
Two parties were involved in purchase.
Each party paid total_amount/2

And 1% of (total_amount/2) was deducted as TDS by both parties

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 July 2024 In that case did you file the form 26QB properly? Whether the tax credit reflects in seller's 26AS?

Jatin Sachdeva

Jatin Sachdeva (Querist)
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20 July 2024 Yes, I filed the 26QB and it's being reflected in seller's 26AS.

Property Value: 62 lakh
Two parties involved and each paid 31 lakh each.
Each paid 31k TDS

AIS > Part B > TDS/TCS Information Tab
Please refer to screenshot 1 in below folder

AIS > Part B > SFT Information Tab
Screenshot 2

My doubt is about the data in Screenshot 2

https://drive.google.com/drive/folders/1VNMyERpqGwvib2fNYQdasVqKdNwrFt3e?usp=sharing

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 July 2024 If Mr Mohan Garde.... is seller of the property, there is no dispute. Go ahead with filing ITR.

Jatin Sachdeva

Jatin Sachdeva (Querist)
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20 July 2024 No, it’s the property address.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 July 2024 If the TDS of 62K is reflecting under Part A2 of the sellers 26AS, and if 31K is reflecting in Part F of Form 26AS of both buyers, then again it is correct.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 July 2024 To more than 1.10 lakh profile hitters::::

"Sorry, I am not a featured member."

For featured members contact....

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