Last year I (and my wife - She is joint owner in registry Papers) purchased a property for 3.22 Crore for which I have paid fully (Including Home Loan). I deducted 1% TDS and deposited the same, which is fully disclosed in my IT Return. As property is registered as joint owner, the transaction is showing in her 26AS.
My wife has got a notice for ITR Mismatch for high value transaction. on IT Site there is option only to accept or reject but no option to give an explanation.
What I should do now?
CAclubindia
