In AIS " Feedback rejected by the source" how to respond

This query is : Resolved

Hukam Singh (Querist)
Follow

25 June 2025 In FY 2022-23, In AIS amount shown by Bank
1) SFT (003) Cash deposited Rs. 0 Actual amount deposited Rs.580000/-
2) SFE (003) Cash withdrawal Rs. 1100000/- Actual amount Rs.1194000/-
How to respond to the department.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

12 August 2025 Situation:
SFT (003) Cash deposited in AIS shows Rs. 0, but actual cash deposited was Rs. 5,80,000.
SFE (003) Cash withdrawal shows Rs. 11,00,000, but actual withdrawal was Rs. 11,94,000.
Your feedback on AIS was rejected by the source (Bank) due to this mismatch.
How to respond to the department:
Step 1: Verify Bank Data Accuracy
Check bank statements/passbook for FY 2022-23 to confirm exact cash deposit and withdrawal amounts.
Ensure the amounts you reported match bank records exactly.
Step 2: Reconcile Differences
If your records differ from AIS data, it may be due to data entry issues by the bank or reporting errors.
Contact the bank branch or nodal officer to clarify the discrepancy and request correction of data reported to the Income Tax Department.
Step 3: Submit Corrected Feedback on AIS Portal
Once bank data is confirmed and corrected (if needed), upload correct feedback on the AIS portal.
Attach supporting documents such as bank statement or certificate from the bank confirming the correct figures.
Step 4: If Bank Data is Correct, Explain to IT Department
Prepare a written explanation highlighting:
Actual figures from bank statement
Reasons for discrepancy (if any)
Request for correction of AIS data
Submit this explanation via the AIS portal or through your Income Tax Officer.
Additional Tips:
Maintain proper documentation (bank statements, letters from bank).
Keep track of all communications with the bank and Income Tax Department.
Follow up regularly until data is corrected and feedback is accepted.
Sample response points you can include:
“We have verified the bank statements for FY 2022-23 and found the actual cash deposit as Rs. 5,80,000 and cash withdrawal as Rs. 11,94,000. The discrepancy in AIS data appears to be due to data reporting error by the bank. We have requested the bank to rectify the data with the Income Tax Department. We request your kind consideration to accept the corrected data after reconciliation.”

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now