I was going through my transactions coming under AIS of Income Tax Portal. I found few of the transactions related to security sell/purchase are not correct. So, I wanted to correct the same. There are 3-4 fields for which I need clarification. 1. Debit Type (Market/Off Market) 2. Credit Type (Market/Off Market) 3. Unit FMV 4. Fair Market Value I bought and sold the share of the listed entity through indian stock exchanges. So, Should both debit /credit type be "Market" or "Off Market"? How to calculate Unit FMV and Fair Market value of shares?
Also, I found that FD related amount shown is very high almost 7-8 times of actual FD amount. I usually open FD for 2-3 months and close the same and open again for 2-3 months. Do they add all FDs opened in a year and show the same? Request your guidance on the above queries. Thanks in advance.
Submitting feedback through Portal Q.1 How do I submit feedback on the information?
Answer: You can submit feedback on active information displayed under TDS/TCS Information, SFT Information or Other information by following below mentioned steps:
Step 1: Click on “Optional” button mentioned in the Feedback column for relevant information. You will be directed to ‘Add Feedback’ screen.
Step 2: Choose the relevant feedback option and enter the feedback details (dependent on feedback option).
Step 3: Click “Submit” to submit the feedback
For more details, kindly refer Annual Information Statement User Guide available in “Resources” section at Compliance Portal (AIS Homepage).
Q.2 What are the Feedback options available for submission of response against each Information detail?
Answer: The feedback options will be displayed on each Information detail. You will be able to select only one of the available options for submitting feedback. Feedback options are as follows:
Option A: Information is correct
If the information belongs to you and all the attributes of the Information are correct.
Option B: Information is not fully correct
If the information belongs to you, but all the attributes of the Information are not correct. Upon selecting this option, relevant information fields will be displayed, and you will be able to update correct information details. e.g.- Account number, Information value, etc.
Option C: The Information relates to other PAN/year
If you are aware of the Information, but it belongs to other person or other year e.g. joint ownership of property or receiving of mentioned amount in another year.
Option D: Information is duplicate/included in other information
If the information displayed is already included in another information or it is a duplicate information.
Option E: Information is denied
If you are unaware of this information/transaction and want to deny that the said information pertains to you.
Option F: Customised feedback
The feedback option will be displayed based on the information category.
11 April 2022
Just for ex. If I have 4 lac as on 1.04.2021 1. Open FD of 4 lac for 4 months till 31.07.2021 2. After maturity I open FD for 4 months till 31.11.2021 3. After maturity I open FD for 5 months till 30.04.2022 For FY22 Total FD received-12 lac Total FD paid-8 lac Total O/s FD-4 lac Is these calculation correct? Or Do they opportioned last FD for 4 months (Total tenor is 5 months then FD for 4 months is Rs, 3.2 lac) Please suggest if these calculation is correct? Even I had 4 lac in my account, bank is reporting 12 lac as FD? Is these correct calculation?
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