Misleading AIS data for increasing compliance
This query is : Resolved
Quick Summary
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
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
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.
27 August 2025
Ok sir ,but methodically it's wrong, thanks anyway
27 August 2025
You are welcome...
21 September 2025
Good luck....
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