I am a retired senior citizen living in a flat in a co-operative housing society in Salt Lake(Bidhannagar), Kolkata. I am an original member of this co-operative society and the flat stands in my name. The society was registered in 1996.
During the last financial year FY2021-22, original member of another flat transferred his membership of the society to an outsider who was of course eligible to become member of a housing co-operative society in salt lake according to State Govt rules in the urban development in this matter. All these processes were done according to procedures laid down by Acts, Rule and Govt orders and with their final permission.
After transfer of membership , the flat was sold by the previous owner to the new one for a consideration of Rs.90,00000/- and a deed of assignment was signed between them as Assignor (seller) and assignee (buyer).Since, this is transaction took place with connection of a flat of a Housing Co-operative Society, I had to sign the deed also as confirming party in my capacity as Secretary of the society with seal of the society and my Pan according to advice of the staff and officers of Bidhannagar ADSR (Additional District Sub-Register) present during signing. I was reluctant to give my Pan , but they insisted.
To my utter surprise, I now find that this transaction Rs.84,00000/ (Possibly LTCG) has been shown against my name in AIS, TIS and 26AS. I have taken up this matter with the State Govt because it is confirmed that the mistake has been committed at the end of the ADSR, Bidhannagar while reporting the transaction to the IT department. They are working on it to correct the mistake but till now it is still showing in AIS, TIS and 26AS.
What is the remedy available to me in addition to ADSR's endeavor ? May I raise an objection on my own simultaneously? If so, what is the procedure?
Experts please guide me.
CAclubindia
