ITR
AIS shows interest from a bank I never used
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Facts
Reporting entities sometimes report against the wrong PAN. You can mark the entry as 'Information is denied' or 'Information relates to other PAN/Year'. The entry stays visible, but the processed value in TIS can change after feedback.
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
First make sure it really is not yours: old accounts, joint accounts and minor accounts linked to your PAN can surprise you. If it is truly not yours, give feedback and keep a note. If ₹12,000 of interest is shown and you deny it, do not include it in your ITR. If a notice comes later, your feedback record helps your reply.
Conclusion
- Check old, joint and minor accounts with your PAN
- Click the entry in AIS and choose Optional under Feedback
- Select 'Information is denied' or 'relates to other PAN/Year'
- Download the feedback acknowledgement
A Savvy can do this for you
AIS and TIS feedback and mismatch correction
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