Celebrate Freedom with 10% OFF on CAclubindia Pro Membership. Subscribe Now!

Income Tax 26AS

371 views

Save Share

Join Us Follow Us Add as Source

Suresh Golla

Retired

23 Points Posted on 03 July 2023

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.