Property SFT Entry in AIS Does Not Match Sale Deed: Value, PAN Share and Return Evidence
By Ravi Sisodia · Reviewed by CA Divyanshu Sengar · Updated 5 October 2026
2-minute summary
- A property SFT entry in AIS is an information-reporting record, not the capital-gains computation. If the reported transaction value, PAN share or property identifier differs from the sale deed, the taxpayer should preserve the deed and submit fact-specific AIS feedback rather than altering ownership or consideration merely to match the information statement.
- For co-owned property, the tax file should separately establish legal ownership ratio, consideration attributable to each transferor, acquisition/improvement cost, dates and each seller’s TDS credit. A reporting entity may transmit a gross property value or an incorrect PAN allocation; that does not by itself change the substantive ownership evidenced by registered documents.
- The transition rule still matters: a sale up to 31 March 2026 is dealt with in AY 2026-27 under the 1961 Act; a sale in Tax Year 2026-27 is under the 2025 Act. Keep the legal-period label consistent across the return, tax payment, TDS statement and information-statement feedback.
Current position
Control and evidence map
| # | Control / evidence requirement |
|---|---|
| 1 | Download the source-level SFT/AIS entry and record the reporting entity and transaction identifier. |
| 2 | Compare property address/registration number, gross value, date and PAN allocation with the registered sale deed. |
| 3 | Prepare a co-owner schedule showing ownership percentage, consideration, cost and seller-specific TDS credit. |
| 4 | Submit AIS feedback with a concise reason where the information is duplicated, attributed to the wrong PAN or materially misstated. |
| 5 | File the capital-gains schedule from legal documents and retain an AIS-to-return reconciliation note. |
Worked example
A flat owned 60:40 by two siblings is sold for Rs 1 crore. AIS shows Rs 1 crore against each PAN because the reporting data did not split the share. Each seller should not report Rs 1 crore merely to match AIS. The deed and ownership records support Rs 60 lakh and Rs 40 lakh consideration respectively, subject to the actual contractual terms, with feedback submitted on the duplicated/misstated SFT entry.
Common mistakes
- Treating the SFT gross value as automatically belonging 100% to each PAN.
- Ignoring AIS mismatch and keeping no evidence of feedback.
- Splitting consideration by convenience instead of legal ownership/contract terms.
- Mixing AY 2026-27 legacy filing with TY 2026-27 new-Act reporting labels.
Frequently asked questions
Does AIS override the registered sale deed?
No. AIS is an information statement; primary transaction documents remain critical.
Should I report an incorrect higher AIS value to avoid a mismatch?
No. Report the correct facts and use the AIS feedback mechanism with evidence.
What if TDS credit is also allocated wrongly?
Coordinate seller/buyer/deductor correction and reconcile the tax-credit statement separately.
Official sources
- Income Tax Department - Annual Information Statement - FAQs and feedback workflow (AIS / legacy AY workflow; reviewed 2026-10-03)
- Income Tax Department - ITR-2 Online User Manual - Schedule FSI, TR and FA (ITR-2; AY 2026-27 portal guidance)
- Income Tax Department - Income Tax Returns FAQs - 1961 Act / 2025 Act transition (Current FAQ; 2026)
Disclaimer
Educational and professional reference only; confirm the current law, rates and the facts of your case before relying on this page.