Wrong type of property report of SubRegistrar office to Income tax - Tricky situation
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As the life goes on the the screwup of information came as surprise to me.
I have sold a residential property and the sub registrar office reports this to income tax department as sale of agricultural land when i checked on AIS SFT tab. I promptly reported this on 25thJun2024 via feed back mechanism. Nothing changed
Similarly i have purcharsed a property and it is reported as sale by me by the sub registrar office as shown in the SFT tab of AIS again. I marked it as "Denied".
Now my query:
who has to and how can one rectify this information reported by sub Registrar office? Is the Feedback mechanism and acknowledgement i received from Income Tax is enough to file my returns?
I cannot file my ITR2 unless this is rectified as it will not match and will always show that i have to pay CG tax
Any direction in this is highly appreciated
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Getting SFT corrected will not happen, just file your correct returns, if a notice, demand or enquiry comes up, respond with relevant documents citing wrong entries in SFT by SubRegistrar, case will get resolved
the registrar office does this intenionally everywhere so that u go to them again and give them chai paani.
do what @igen @karanoshan has mentioned, just keep your documents intact
don't worry about AIS, what you declare in your IT form and what you can prove in case of enquiry from them is the only two things matters at all.
Why ofcourse you can file ITR2 with the correct details. You should already have proof (ie. registered sale/purchase agreement) in case Income Tax Dept queries regarding this. I dont see the need to try and get rectification done in AIS.