Purchase of time deposits (SFT-005)


This query is : Resolved 

Quick Summary
Following a father's passing, his widow received a significant sum and placed it into a fixed deposit (FD). This has triggered a reporting requirement on the IT website. The user needs guidance on how to respond to the e-campaign query regarding the purchase of this time deposit, as there's no option to provide a written explanation.

28 December 2022 After my father's demise due to Covid'19, my mother has received around Rs. 17 Lakhs from Bank, since she was the nominee. After which she has created a FD in her name. This has caused the reporting of purchase of FD by bank.
Please note that my Father was a salaried employee and all his tax returns are filed up to date i.e. for year after demise as well, and all his income/ money was tax paid money.
To respond the same in IT website under e-campaign, what should be my response or what should be selected? Since its not a auto renewal, it says, money given to person Rs. 0 & money received from person against FD Rs. 17 Lakhs

Suggestions are open, thanking in advance

28 December 2022 Select exempt income.

28 December 2022 Only Options available are -
1. Information is correct
2. Information is not fully correct
3. Information relates to other PAN/Year
4. Information is duplicate/ included in other information
5. Information is denied

There is no field to explain/type in reply option

Please let me know if a response is required and if yes, which one to be selected???

28 December 2022 Select information is correct


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