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.