Clarification Needed on AIS Feedback Rejection

@ Ajit

Your reply is a wake up call for all.

I am also not getting monthly statements about my mutual funds.

I get monthly statements about my demat share holdings.

But mutual funds were in demat for long time now!!

Regarding AIS reporting all items of joint holders' name also, that is a serious bug in AIS system. None of the tax filers has been able to get AIS mistakes corrected it seems.

AIS feedback rejection does not mean your correction is permanently denied.

Here is how the process works:

When you submit feedback on an AIS entry (say, marking an amount as incorrect), it goes to the original information reporter (bank, employer, buyer/seller). If they do not act on it within the cycle, the portal may show the feedback as rejected or pending.

What to do:
1. File your ITR with the CORRECT figures as per your actual income, not the AIS amount. You are not required to match your ITR exactly to AIS.
2. If you have filed feedback and it was not accepted, add a note in the additional information section of your ITR explaining the discrepancy.
3. If the wrong entry in AIS is causing a significant tax demand, raise a grievance on the portal under the e-Nivaran tab, citing the AIS feedback reference number.

AIS errors that are unresolved at the time of filing do not prevent you from filing correctly. They may trigger a notice later if the system auto-compares, but you can respond to any such notice with evidence of the correct figures.

For details on how income tax scrutiny notices work and how to respond, this [faceless penalty and income tax notice guide](https://taxgarden.in/blog/faceless-penalty-scheme-section-274-275-income-tax-india-how-to-respond) covers the notice response process.