Hi,
I have purchased a property jointly with my wife, however demands of builder and fully fulfilled by me. I am paying the TDS on property as per every demand. The same TDS is visible in my AIS and PART-E and PART-F in 26AS and in PART-E of my Wife 26AS.
Question is do I need to mention it anywhere in ITR2 (for me) and ITR1 (for wife). If yes then in which section.
Any help would be really appreciated.
No question of any declaration in ITR for property purchased, unless any claim for deduction is made.
As per IT rules, I had paid 1% TDS on the Flat Consideration Amount which I bought last year. Example: Rs. 15,000 was paid for the flat cost installment of Rs 15,00,000. However this flat sale deed amount has been added as an income on my AIS statement and pre-filled Income data for IT returns filing.
This means, suppose my salary is 10L, my current year total income on IT portal is appearing as 10+15 = 25L. Could you please advise how to get this fixed?
Give feedback for correction in AIS...
For steps Refer:
https://economictimes.indiatimes.com/wealth/tax/how-to-get-errors-in-annual-information-statement-corrected/articleshow/87731142.cms
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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