Hi,
I have time deposit in ICICI and HDFC Bank. When interest rates had gone up towards end of 2022, I had liquidated all of my time deposits and created new time deposits. As the amount was more than the threshold thus its being shown under SFT in AIS.
HDFC Bank had shown the liquidated amount under "Gross Amount Paid to Person" and the value of new time deposit under "Gross Amount Received from the person".
In case of ICIC Bank, they had only shown the value of new time deposit under "Gross Amount Received from the person", but they have mentioned the 'Gross Amount Paid to Person" as zero.
In such a scenario, should I respond on AIS mentioning the details shown for ICICI is partially correct and update the liquidated time deposit value for "Gross Amount Paid to Person" column.
Will appreciate guidance from the experts on the group.
CAclubindia
