Clarification Needed on AIS Feedback Rejection

*Responding to the Feedback Rejection* You may want to respond to clarify the situation.

Here's a suggested response: "Dear Sir/Madam, Re: Rejection of feedback on AIS for FY21-22 regarding interest credit of ₹9,157.

However, the interest was taxed during the payout in FY22-23. Given this explanation, I kindly request you to consider my response and take necessary actions to update the records. Thank you for your attention to this matter. Sincerely, [Your Name]"

*Further Action* If you've already accounted for the interest income in a later financial year and paid taxes on it, you may not need to take further action.

However, ensuring your records are up-to-date and accurate is crucial.

*Best Approach* To avoid potential issues, consider: -

 *Verifying AIS Accuracy*: Regularly check your AIS for discrepancies and

 *Maintaining Records*: Keep detailed records of your financial transactions, including accrued interest and payouts. - *Consulting a Tax Professional*: If unsure about tax implications or need personalized advice, consider consulting a tax expert.

Similar question.

FY21-22.Purchase of mutual funds by  joint holders. AIS showed the same data in primary and secondary holder's data.

Secondary holder clarified that the data belonged to another PAN and the amount was removed from second holder's AIS.

However Mutual Fund House rejected the feedback now.

How to proceed further?

Thanks in advance.

Banks and other financial institutions [eg AMCs for mutual funds] are using AI/BOT without human inputs. And many times, wrong calculations being made leading to suffering of the customer.

The human staff working are forgetting basic arithmatic and would refuse to correct the mistakes [unless the customer is a big shot], saying "Computer is KNOW ALL and has done the job".

Many, including me, are sufferers.

@ Rani

Are you a BIG SHOT? If yes, then the mistake by MF house may get rectified.

I had also given feedback in AIS selecting  information is partially correct , and reduced the amount shown in SFT by removing the amount invested by my wife in the mutual funds, where I am only a joint holder. But I have now received email saying Information source has said that the feedback given by me is not correct. There was no option for adding remarks explaining about joint holding in the feedback option for AIS. 

What should I do  now, so that I don't get notice for reassessment etc. Is not ok, if I again give feedback saying that so much amount is invested by my wife, and I am only joint holder, and so that amount should not reflect in my AIS? 

@ Ajit

Your wife must be getting monthly statements from the AMC ( the mutual funds house), which would show you are only a joint holder.

AIS team or system requires proof about your claim, so try to attach the statement with your request for correction.

Fy 22-23 Same problem with my AIS. Peerless Mutual Fund showed large investment by me. Neither me or any of my family have ever invested in Peerless. So I DENIED the transaction. Now in june 2025 I received email that Peerless has rejected my feedback. If mutual Funds are insisting on giving their wrong data , what should a taxpayer do ? There is no provision in AIS for me to deny again or reject the response from the source. Will we all get notices from tax department based on such wrong data ? 

Scratching my head.

Is AIS System claiming denial of wrong data by the AMC without , actually, asking the AMC for verification?

If such is the case, then all of us are going to have huge problems.

Is someone else's data getting slapped on the wrong party because of some system problem?

It could be system error, human error, or deliberate misuse/ fraudulent misuse of somebody's  PAN by mutual fund house. 

Innocent taxpayer is stuck with this. Mutual Fund house refuses to accept any mistake. Even though tax payer has denied the transaction in AIS.

Tax department should ask for proof of KYC done by fund house. 

As with everything else, everything in India is broken.

Have a joint account of Mom, Dad and Me in SBI. Dad being the primary account holder. He had renewed his FD back in FY 2020-2021. The entire amount appeared in all 3 of our AIS. Gave feedback with details that this FD belonged to the primary account holder with interest given at senior citizen rate (which only my dad was during that time) and all interest credited to his account. Yet SBI rejected the feedback saying my information is incorrect lol. Not sure what the broken IT department will do now to law abiding citizens, while the politicians roam around with black monet in front of the IT department.

@ Bipin

Did SBI reject the feedback or IT Department informed you that SBI rejected the feedback?

I think IT Department informed you.

@ Ranjan yes, it was updated in the AIS where I had provided the feedback. So my feedback was sent to SBI via AIS, and SBI replied on the AIS on the feedback with their response

@ Bipin

IT Dept told you they had sent it yo SBI but did you check with SBI directly and find out what they reported to IT Department.

I do not think the bank made any mistake in reporting to IT Department even though you are getting a reply from IT Department saying they got the reply back from the bank.

All with similar issues are suffering in the same way.

Why not approach the bank directly and find out what exactly is happening.

@ Ranjan well, usually in other banks (Karnataka Bank) where a similar setup with joint account exists, works seamlessly, where they report the FD to the correct PAN to which the interest is credited.

But SBI reported the FD deposit to all 3 PANs under SFT-005, (note this is a speficied financial transaction heading). This came up in e-campaigne to provide feedback. 

So I wrote in the feedback saying the FD is made in a specific PAN, from an SB account which is a joint account.

Now the bank considers that all 3 joint account holders are operators of the FD, although the internet gets credited to a specified PAN with special interest rates. 

My issue is, the other 2 PAN holders should not have seen this deposit in SFT, but they did. While other banks worked correctly by reporting the FD to only that PAN account, SBI didn't and showed it to all 3 SB account holders PAN.

So the IT department flagged it and asked for clarification in e-campaigne, so I provided the explanation, which SBI now rejected the explanation. LoL.

I do not have to approach the bank for this, and I am not looking to take any further action on this unless I get any further notice from the IT department themselves.