Initimation on AIS

The assessee should respond to the intimation from the IT department by filing a revised AIS response or submitting a detailed expanation with supporting documents.

1. Check AIS details: Verify the property transaction entry in AIS and choose the appropriate option - accept, partially accept, or deny.
2. File a response: If the transaction is denied or partially accepted, submit a detailed explanation about the jont ownerhip and source of funds for the property purchase.
3. Submit evidence: Provide documents like the property deed, joint ownership agreement, and proof of husband's primary income or funding for the property.
4. Address income mismatch: Explain the assessee's low taxable income and clarify that the property value alloction in AIS does't reflect actual income.

There is no place in AIS to give detailed explanation. Where to give all this.

If property payment is WHOLLY by husband only....and since husband has only included name in purchase agreement of wife ( though wife has not contributed any amount)

   THEN

U will have to go to AIS of wife and 

       IN FEED BACK option in AIS of wife give reasons from options available in feedback

( In your case belongs to other person  and fill reasons...relation....& Pan

This has happened because registar has reported  in AIS High value transaction as per names and not as per payment

Also adviced....approach  C.A...show your AIS and husbands AIS  who will guide and help you to give feedback 

It is highly adviced to give correct feedback in time to avoide unnecessary possibility of scruitiny