the sale of land and building value as reflected in TIS is a summation of the same figure reported in tds statement and sft transaction thereby doubling the value of sale of land and building . The scenario becomes totally erroneous when there are multiple buyers and sellers for the same property .The software shows total value of the deal against each name thereby giving a totally distorted figure .
does this require correction before filing returns and if so how does one correct this.
It already says that value of the deal is shown in total from different buyers and sellers @ double the original value. So what is to be corrected is that double reflection. Write a single entry for what is to be reflected in the Balance Sheet., existing value and not the Purchase value of different buyers.
TIS double-counting on property sales is a known issue when the same transaction appears twice, once from TDS deducted by the buyer (Form 26QB) and once from SFT data submitted by the registrar.
You do not need to correct TIS before filing. Here is what to do:
1. In your ITR, report the actual sale consideration and cost of acquisition based on your sale deed, not the TIS figures.
2. Go into the AIS portal (income tax portal, AIS tab), find the duplicated transaction, select it, and submit feedback as "Information is duplicate or incorrect" with a one-line explanation.
3. The IT department uses your submitted ITR values for assessment, not TIS figures, so discrepancies do not automatically trigger demand notices.
The key is to not leave the duplicate flagged without a feedback response. This [AIS, Form 26AS and TIS guide](https://taxgarden.in/blog/ais-vs-form-26as-vs-tis-itr-prep-guide-ay-2026-27) explains how to handle these mismatches step by step.
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