TIS original vs derived value
This query is : Resolved
08 July 2022
Hello,
Post office has reported all 5 years of interest in AIS on maturity of NSC.
I have been reporting on accrual basis for the last 4 years.
I have submitted AIS feedback and it was processed and the derived value in TIS is now correct.
Will the tax department consider the derived value in TIS while processing my return or the original value(which is incorrect)?
Thanks
Post office has reported all 5 years of interest in AIS on maturity of NSC.
I have been reporting on accrual basis for the last 4 years.
I have submitted AIS feedback and it was processed and the derived value in TIS is now correct.
Will the tax department consider the derived value in TIS while processing my return or the original value(which is incorrect)?
Thanks
08 July 2022
ITR will be processed on derived value.
08 July 2022
Although IT dept. had mentioned that the ITRs will be prefilled with derived values from TIS,
this is not happening; ITRs are prefilled with the original values.
Hence the concern
this is not happening; ITRs are prefilled with the original values.
Hence the concern
09 July 2022
It takes some time by the system for the modification. Once it gets reflected in TIS, new prefilled ITR needs to be downloaded.
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