Answer

ITR

Feedback given but TIS value has not changed

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  1. Facts

    Some feedback is sent to the reporting source for confirmation. TIS shows a processed value that may change only after the source confirms or the system processes the feedback. You can track it in feedback history.

  2. 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
  3. Analysis

    Do not wait for TIS to change before filing. File the return on your correct figures, keeping the feedback acknowledgement. If the bank later confirms your feedback, TIS updates. If the bank rejects it, you may get a query; then show your records. For example, if you reported ₹40,000 interest against an AIS figure of ₹55,000, keep the bank certificate showing ₹40,000.

  4. Conclusion

    1. Check the feedback history in AIS for the status
    2. File your return on actual figures
    3. Keep acknowledgements and supporting certificates
    4. Ask the reporting entity to correct its report if it refuses

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General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.

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