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Purchase of immovable property in AIS

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Saksham Sachdeva

64 Points Posted on 06 September 2024

I have bought a property, but my AIS shows the following row, "Sale of immovable property" instead of "Purchase of immovable property". It is reported by sub registrar. Is this correct ?

If not, how can we rectify this? as in the feedback options there is not any way to convert this sale transaction into purchase.

Replies (2)

Quick Summary

A user is concerned because their Annual Information Statement (AIS) incorrectly shows 'Sale of immovable property' instead of 'Purchase of immovable property', as reported by the sub-registrar. While one response suggests it's okay, another advises verifying the accuracy with the sub-registrar, potentially providing proof of purchase to rectify the error if necessary.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121526 Points Posted on 06 September 2024

No need to rectify it. It is OK...

SFT- 012:

Purchase or sale of immovable property

hora Ortiz

24 Points Posted on 26 November 2024

It sounds like a frustrating situation! You must ensure that your AIS accurately reflects the transaction. I would suggest contacting the sub registrar personally to get to the bottom of this, as it's probably their fault. For them to fix it, you may have to provide them proof of purchase. Further guidance on the optimal course of action may be forthcoming from a consultation with a tax expert or legal counsel. Good luck, and I hope it gets resolved soon!

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