Incorrect SFT-012

In your case, since the SFT-012 statement is showing the full 20 apartments against both you and your wife, it’s definitely an incorrect reporting issue.

Here’s what you can do:

1. Contact the Developer/Builder:
   They are responsible for filing the correct SFT (Statement of Financial Transactions) with the Income Tax Department. Inform them about the error so they can revise the SFT filing, reflecting your and your wife’s correct shares (half of 8 apartments each).

2. Correction through IT Department:
   If the builder is uncooperative or unable to correct, you can raise a grievance/request correction with the Income Tax Department via the CPC (Centralized Processing Center) or through the e-filing portal's grievance redressal system.

3. Maintain Proper Documentation:
   Keep a record of your joint ownership, sale deeds, and your capital gains computation showing you have accounted only for your rightful share. This will be crucial in case of any scrutiny or notice from the IT Department.

4. Explain in Your ITR:
   When filing your Income Tax Return, disclose the correct capital gains based on your actual share. You can also mention the discrepancy in the SFT statement in the “self-disclosure” or remarks section, if available, to preempt any query.

5. Seek Professional Help:
   A CA or tax expert can help you draft a formal letter or representation to the builder and the tax authorities to get the correction done formally.

Avoid ignoring it, because mismatches in SFT and your declared income may invite notices or inquiries.