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SFT-12 Correcting Amount in 26AS

384 views 2 replies

Viswa nath

Sales professional

84 Points Posted on 26 July 2022

Sir,

1. In 26AS - SFT-12, if the sale of property value is entered wrong by registrar, how could we correct the same.

2. Is this correction to be done before filing return.

3. In ITR-2. where do we mention about the amount received from sale of property and LTCG adjustments.

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211761 Points Posted on 26 July 2022

1. File your feed back in AIR so that the effect will reflect in TIS.

2. Under Schedule CG, choose option 'land & building'.

Viswa nath

Sales professional

84 Points Posted on 28 July 2022

Thanks Sir.

1. Hope you are referring to Services > Annual information services (AIS) > update feedback by uploading JSon - with options like 'Information is not fully correct'.

Should we wait for feedback approval (or) consider the updated sale value in LTCG in ITR.

2. If new house is bought with in 6 month of sale of old, hope no amount need to be invested in CGA scheme

3. If new house is bought on next financial year (with in 6 months of sale) should we select Sec 54 in CG deduction.

4. If part payment of under construction new house is paid (within 6 months) - which is above sale value of old, in ITR, Sec 54 - 'Cost of new house' - should we mention, Part payment paid (or) total cost of the new house.