Misleading AIS data for increasing compliance

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An investor is concerned about their Annual Information Statement (AIS) incorrectly showing a cumulative fixed deposit amount of £11 lakh, when their actual capital invested was only £6 lakh. This inflated figure could trigger a high-value transaction alert from the IT department. While the reporting might be technically correct based on total deposits made, the investor is seeking a way to rectify this misleading data in the AIS to prevent future compliance problems.

Shantanu Bose

Shantanu Bose (Querist)

26 August 2025 Dear Sir,
In AY 22-23,I had invested in money multiplier fixed deposits in ICICI Bank which is linked to savings bank account. I had made deposit of 6 lakhs for few months and closed it,then again deposited 5 lakhs from maturity amount without deploying fresh capital. Now my AIS is reflecting term deposit of 11 lakh as cumulative fd amount although my total capital in account was not more than 6 lakh, thus increasing my compliance which can attract IT notice in future being fd of more than 10 lakh ( High Value Transaction).

My question is:
How to address this problem by any means and how to rectify feedback in AIS ?

Thanks Sir

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

26 August 2025 The reporting is correct. You cannot rectify it. Your total investment (without considering withdrawal) were 11 Lakhs. In case of any query you have to disclosed your withdrawals by producing saving account statement.

Shantanu Bose

Shantanu Bose (Querist)

27 August 2025 Ok sir ,but methodically it's wrong, thanks anyway

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

27 August 2025 You are welcome...

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

21 September 2025 Good luck....

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