Property transaction nature as Sale instead of Purchase in AIS
This query is : Resolved
Quick Summary
17 July 2024
Hi Sir/Ma’am,
In the AIS, instead of showing as Purchase for a property transaction, it is showing as Sale of property. The purchase was done in last financial year and I need to file the ITR. What should be done in this case?
Thank you
In the AIS, instead of showing as Purchase for a property transaction, it is showing as Sale of property. The purchase was done in last financial year and I need to file the ITR. What should be done in this case?
Thank you
17 July 2024
File feedback in AIS, that the Sale of property is 'incorrect data'.
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17 July 2024
Thank you for your reply.
I'm confused between the two options in the feedback dropdown.
1. "Transfer not in the nature of sale"
2. Information is not fully correct
Which one should I select.
If I select Option 2 then I'm able to correct the information like Transaction amount and party count.
But In the Transaction type dropdown, there isn't an option for purchase.
How to handle this scenario?
I'm confused between the two options in the feedback dropdown.
1. "Transfer not in the nature of sale"
2. Information is not fully correct
Which one should I select.
If I select Option 2 then I'm able to correct the information like Transaction amount and party count.
But In the Transaction type dropdown, there isn't an option for purchase.
How to handle this scenario?
17 July 2024
Select option 2, and give details of the purchase
Message likes :
1 times
17 July 2024
Okay.
One last thing
The Transaction type dropdown shows the following options while giving feedback after selecting "Information is not fully correct".
Which one to be selected.
1. XX - Not Categorized
2. Extinguishment of any right in the asset
3. ZZ- Others
4. Relinquishment
5. Transfer as per the section 53A of the Transfer property Act, 1882 (4 of 1882)
One last thing
The Transaction type dropdown shows the following options while giving feedback after selecting "Information is not fully correct".
Which one to be selected.
1. XX - Not Categorized
2. Extinguishment of any right in the asset
3. ZZ- Others
4. Relinquishment
5. Transfer as per the section 53A of the Transfer property Act, 1882 (4 of 1882)
Message likes :
1 times
17 July 2024
ZZ Other ..... it is purchase but not sold.
Message likes :
1 times
17 July 2024
I have selected "ZZ Other" but there is no option to add a comment
" it is purchase but not sold"
" it is purchase but not sold"
17 July 2024
No. problem. feedback is submitted, let it be verified at their end.
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