Good day, Sir i have purchased flat in January 2019 for inr 14692000 (1 crore 46 lakhs) at that time payment of INR 10892649 was done in financial year 2018-19 as it is an underconstruction property and slab wise payment was done stamp duty 6 percent paid on inr 14692000. tds paid by builder is 1 percent which is 108926 inr for fy 2018-19 my question to you is 1) in e compliance portal Payment made in respect of transfer of immovable property (TDS Form 26QB, Section 194IA)-10892649 IS DISPLAYED 10892649 ''SHALL I EDIT RESPONSE AS AS 108926'' ???? (AS TDS IS 1 PERCENT) 2) Purchase of immovable property (SFT-012)-7346000 is displayed 7346000 ''SHALL I EDIT THE RESPONSE AS 14692000'' value of flat AS I DONT KNOW HOW THEY GOT THIS VALUE 7346000 may be typo error 3) is it necessary to file itr returns if i am Inside india less than 182 days in Financial year and there is no other source of Income in india
You cannot edit this SFT response. They have picked this up from your Form 26QB and information from sub registrar who register details of sale of property.
You are not required to file return if you don't have any income in India and you are a non resident.
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Thank you.
In compliance portal they have giving opportunity to acknowledge this and change respone so its basically 5 options 1) information is correct 2) information is not fully correct and give such responce 3) information is related to other person 4) information is duplicatedd 5)in formation is denied what i did is i selected option no 2 and gave my response with new value.
It is better to select option II and provide the actual data as per agreement
Okay
Dear Sir,
Hope you are doing well !!
Yes, your understanding is correct.
You can go ahead with option 2.
Hi,
1. You dont need to edit the response. It will show the payment amount and not the tds amount.
2. It seems that you have bought the property in joint name because the amount reported under your name is exactly half. Is that the case?
3. No its not mandatory to file the return but ots always advisable because it helps in visa, home loan etc.
Hello Everyone thanks for there valuable input. THE PROPERTY IS JOINT WITH MY MOTHER AND NOW I CAN COUNT WHY ITS SHOWING EXACTLY HALF; NOW THE SITUATION IS MY MOM IS HOUSEWIFE AND NO OTHER INCOME SOURCE IN INDIA THE ABOVE TRANSACTION AS MENTIONED SFT 012 IS DISPLAYED IN BOTH ACCOUNT EXACTLY HALF WHAT I DID AS OF NOW IS I MENTIONED IN MY MOM ACCOUNT AS OPTION 3 INFORMATION IS RELATED TO OTHER PERSON AND MENTIONED MY PAN NUMBER AND FURTHER SHARE AMOUNT EQUAL TO 1 RS AS 0 CANNOT BE ENTERED IN MY ACCOUNT I HAVE ACKNOWLEDGE IT AS 2) INFORMATION IS NOT TRULY CORRECT AND MENTION EXACTLY FLAT AMOUNT 14692000. IS THIS ENTRY ACCEPTABLE? AND FOR TDS ENTRY I WILL TRULY ACKNOWLEDGE THERE STATEMENT AS NO 1 INFORMATION IS CORRECT ?
Yes, that would be correct.
Hi
No need to edit the same
No need to file to file return.
Hi
You can choose 2 option
Hi
Yes your understanding is absolutely correct.
You should file the return because if you have no other taxable income you can claim refund for the TDS deducted.
Yes, that would be acceptable.
Hello,
Yes, you can go opt for Option-2.
It is not mandatory for you to file your income tax return.
I hope this answer satisfies your requirements.
Regards,
CA Hunny Badlani
Yes that would be acceptable.