ITR

AIS value partly wrong, not fully wrong

Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.

Find

AIS feedback has an option for information that is not fully correct, where you can enter the correct value. That modified value is then used when comparing with your return.

Provisions

Sec 285BB, Income-tax Act 1961 (now Sec 510, Income-tax Act 2025); Sec 285BA, Income-tax Act 1961

Analysis

Such gaps happen when a sale and a buyback or a cancelled trade are both reported. Enter the correct value with a short reason and keep the broker contract notes. Your return should show the true figures, not the AIS figure. If the department disagrees later, the contract notes will be your proof.

Close

  1. Get contract notes or broker statement for the trades.
  2. Choose information is not fully correct in AIS feedback.
  3. Enter the correct value and reason.
  4. Respond to the campaign that your return shows the true figures.

Connect now

A Savvy replies in minutes.

Fixed price before you pay. Your Savvy is paid only after you accept the work.

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