Wrong data in AIS leading to increased compliance

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This query is : Resolved

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A user is experiencing issues with their Annual Information Statement (AIS) showing tripled mutual fund purchase amounts due to duplicate reporting by the registrar, NSDL, and the mutual fund AMC. They are seeking advice on how to rectify this to avoid compliance problems and potential scrutiny from the IT Department. The recommended solution is to use the 'Information is duplicate/included in other information' feedback option in AIS, retaining the AMC's report and flagging the other two as duplicates.

Shantanu Bose

Shantanu Bose (Querist)
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11 June 2025 Dear Sir,
In FY 24-25 I had purchased some overnight mutual funds which I sold also after two months of purchase in March 25. But now in AIS, this same transactions have been reported by registrar, nsdl and mutual fund AMC as well.
For example, Axis overnight fund purchase is reported by Axis mutual fund + nsdl + Kfintech. Now probably nsdl reported since unknowingly I purchased mutual fund in demat form instead of physical form from ICICIDIRECT platform. Since same transactions have been reported by three agencies, these same mutual fund purchase transactions are getting added in TIS repeatedly and net purchase amount reflected has become tripled than the original purchase amount. For example if I've bought mutual fund worth 7,00,000/,TIS is displaying net purchase as 21,00,000/.

My question:
How to address this problem and rectify AIS ? Which available feedback option to use to get rid of increasing compliance and future scrutiny and notices from ITD ?

THANKS

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 June 2025 File feedback in option 'Other' as Duplicate entry.

Shantanu Bose

Shantanu Bose (Querist)
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12 June 2025 Sir,
Thank you very much,the feedback options displayed are :
1. Information is correct
2. Source is receipt of gift which is not taxable
3. Information is not fully correct
4. Information relates to other PAN/Year
5. Information is duplicate/included in other information
6. Information is denied
Just for clarity, should I give feedback as option 5, i.e. Information is duplicate/included in other information ?
Also, which reporting agency information to keep as it is and which one to give feedback for in case of mutual fund sir ?
Same mutual fund transaction getting reported by RTA, NSDL and Mutual fund AMC. Which one to keep as intact and which one to give feedback ...... Information is duplicate/included in other information....for ?
Thank you sir

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 June 2025 Yes, Sr. 5 is correct.
Reporting by MF AMC can be kept, while other two can be reported as duplicate.

Shantanu Bose

Shantanu Bose (Querist)
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12 June 2025 Thank you very much sir, I'm grateful to you

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 June 2025 You are welcome.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 September 2025 Good luck..