ITR
AIS amount is partly correct
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Facts
Use 'Information is not fully correct' and enter the correct amount. This is meant for entries that are yours but have a wrong value.
Provisions and law
- Sec 285BB (now Sec 510)Annual Information Statement of a taxpayer's reported transactions and taxes
- Rule 114-I, Income-tax Rules 1962Annual Information Statement uploaded to the taxpayer's account
Analysis
Check the dividend statement from the registrar or the bank credit. If ₹21,000 was received and TDS was nil, enter ₹21,000 as the modified value. If the difference is because AIS shows gross dividend before TDS, then AIS may be right; report the gross ₹25,000 and claim the TDS. Know which it is before you give feedback.
Conclusion
- Get the dividend or interest statement
- Check whether AIS shows gross or net
- Choose 'not fully correct' and enter the right value if AIS is wrong
- Report the correct gross amount in the return
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AIS and TIS feedback and mismatch correction
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