AIS Showing Incorrect KVP Interest: What to Do?

This query is : Resolved

Quick Summary

Many taxpayers are experiencing issues with their AIS reflecting cumulative interest on matured Kisan Vikas Patras (KVPs) instead of accrued interest. Despite correctly declaring and paying tax on accrued interest for years, the Post Office is marking feedback as incorrect. Experts advise filing feedback and your return as usual with the accrued interest, assuring that the Income Tax Department will address these discrepancies. Filing a grievance is also an option.

Soni pune 1234

Soni pune 1234 (Querist)
Follow

29 June 2025 Fy 23-24 I filed itr with AIS feedback on accrued interest for past 8 years. But today I got message that information is incorrect as mentioned by Postmaster Chennai. I have already shown accrued interest on kvp and also paid tax on it. What should I do now

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

30 June 2025 No need to act based on the AIS feedback, as you have correctly declared all the interest income as per rule. All the assesses are facing the same issue.

Soni pune 1234

Soni pune 1234 (Querist)
Follow

30 June 2025 Sir shall I keep calm or go for grivience. This year also ais is reflecting cumulative interest on matured kvp. So I am worried how to file return, with feedback or pay double taxes.
Thanks for your reply.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

30 June 2025 File feedback, and return as usual with accrued interest in the FY. No need to worry about the PO reply over the feedback. ITD will take care of it.

Soni pune 1234

Soni pune 1234 (Querist)
Follow

30 June 2025 Thanks, I was very tensed, but now a little relaxed.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

30 June 2025 For your information all the feedbacks filed till date by ALL the assesses are reported as incorrect !!!

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

27 September 2025 Good luck..

Soni pune 1234

Soni pune 1234 (Querist)
Follow

27 September 2025 Filed grivience. Let's see what happens.
Thanks.