Income Tax 26AS

Dear Learned Members

I am retired employee and my wife is housewife, I get pension on monthly basis.

Last year we have sold our old house and brought a new flat.

Since the builder wanted a co-owner to be registered, while registering new flat, they added my wife's name.

Now when I see 26AS, the same amount of sale and purchase is mentioned in both of our 26AS (me and wife), where as the transaction was done only once.

Please advise if both of us have to file separate returns for same transaction.

Thanks

 

Replies (3)
Quick Summary
A retired employee is seeking advice after selling a house and buying a new one with his wife as a co-owner. Both their 26AS statements show the same transaction amount, leading to confusion about filing separate tax returns. The advice given is to file feedback under AIS for the wife's entry, stating it as a duplicate, and to report capital gains in the primary filer's ITR with full deduction for the new property purchase. The status of this feedback can be checked online.

File Feedback under AIS of your wife, stating it as duplicate entry.

Report capital gains in your ITR with 100% claim of deductions as investment in new HP.

Sir, thanks for your guidance.

Based on the same the feedback was submitted. 

Please let me know how do I check the status of feedback (want to confirm if the same is accepted by the Income Tax department).

Thanks 

You can easily check the acceptance of feedback against the transaction's entries. As of now all such entries are accepted by ITD.

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