Answer

ITR

Wrong AIS entry found after filing the return

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  1. Facts

    If your return is correct and the AIS entry is wrong, give feedback on AIS; nothing more is needed. If the AIS entry is correct and you missed it, revise the return within the time allowed.

  2. Provisions and law

    • Sec 285BB (now Sec 510)Annual Information Statement of a taxpayer's reported transactions and taxes
    • Sec 139(5) (now Sec 263(5))Revised return before the end of the assessment year or completion of assessment
  3. Analysis

    Ask which side is wrong. If AIS shows a share sale of ₹2,00,000 that never happened, feedback is enough. If it shows dividend of ₹18,000 you forgot, revise the return; there is no fee if you revise by 31 December 2026. Leaving a correct AIS entry out of your return is likely to trigger an intimation with a demand.

  4. Conclusion

    1. Decide whether AIS or your return is wrong
    2. If AIS is wrong, give feedback and keep the acknowledgement
    3. If your return missed income, revise it
    4. E-verify the revised return within 30 days

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