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MISMATCH IN AIS and TIS

CHANDER KANT AZAD (PROPRIETOR) (48 Points)

16 January 2022

Figures reported in AIS and TIS for Mutual Fund are grossly exaggerated tha actual. How to address the grievance and provide actual figures with proof (AMC Statements) so that ITR submitted is passed smoothly without inviting notices.

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6 Replies

CA Puja Sharma (Chartered Accountant) (5010 Points)
Replied 17 January 2022

No, you cannot guarantee the smooth processing of the ITR if there is the difference in AIS, TIS, and actual income.

You will be receiving notices from the department, Reply to these notice in time along with required attachments.

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S A (55 Points)
Replied 17 January 2022

Just give feedback in the AIS and mention the correct figures. There is no need to provide any statement unless asked by the IT dept.

It is very common issue with AIS and many figures like deposits, credit card spendings, mutual fund transactions etc are exaggerated. Just provide the correct feedback and that should be enough.

CHANDER KANT AZAD (PROPRIETOR) (48 Points)
Replied 17 January 2022

Feedback is exactly what I want to do to pre-empt a hassle filled experience with IT Deptt as I have four instances of mismatch in Mutual funds in my family ITR's..But I could not find a link or a button in the e-filing website. While there is a button for upload in the AIS Box, next to the download button, the file upload doesnt work. I tried pdf, jpg and excel formats which didnt work.. The IT deptt has displayed its preference for 'JASON' format for its use but we do not have access to Jason format to create files. Kindly advise and help. Thanks and Regards.

S A (55 Points)
Replied 17 January 2022

I don't have any mutual fund transactions in my AIS. but you have to click the particular transaction to get the details of the transaction. In the details there is a feedback button.

There is no need to download/upload anything. It is best to directly give feedback on the website because you can give feedback for items one by one.

CHANDER KANT AZAD (PROPRIETOR) (48 Points)
Replied 17 January 2022

Thanks for guiding. Shall proceed accordingly.

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jagdish chhugani (engineer) (1004 Points)
Replied 16 June 2023

IN AIS MOST OF TIME TDS AND TCS INFORMATION IS CORRECT, SFT INFORMATION MAY BE WRONG OR MISSMATCH, IN FEED BCAK YOU CAN CORRECT IT OR NOT RELATED TO YOU PUT ZERO AND ALSO SUBMIT FEED BACK TYPE, FINNALY IN TAX INFORMATION SUMMARY IT WILL BE CORRECTED.