Purchase of time deposits (SFT-005)

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This query is : Resolved

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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.

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Help Please (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 December 2022 Select exempt income.

Help Please

Help Please (Querist)
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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???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 December 2022 Select information is correct

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