AIS mismatch- How to modify AIS, as entry is wrong in AIS

[Shan S]

In AIS, it is given lower amount, but FD interest is higher ; FORM 16A interest given by bank also is lower due to some migration. but filed correctly. how to update that in AIS

 

[TANAY GHILDIYAL]

Firstly if the Income reported by you is higher than that mentioned in the AIS you need not to worry and no action needs to be taken at your end. You have already done your job by reporting the correct amount that too higher. As a second point if the income is lower than you can disagree with the information and there is specific area within the AIS where you can place your remarks.

A similar incidence occurred with my client where some professional income was being reflected and even TDS was being shown, it basically happened because someone"s Income was put on my client"s PAN. So we filled the ITR with correct information avoiding the income source as well as the TDS and the we also filed a disagreement with the information providing a reason out of the drop down list as provided by the IT Department.

Tanay Ghildiyal

9873938771

AI Summary

AIS mismatch guidance: disagree with incorrect AIS entries and file return with correct income, then record remarks. If the taxpayer has reported a higher amount in the return than shown in the AIS, no action is required. Where AIS shows income or TDS erroneously attributed to the taxpayer, file the ITR with correct figures and use the AIS interface to disagree with the information, selecting a reason from the department's dropdown and entering explanatory remarks.