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Compliance portal query notification


Kumar (Others)     16 March 2018

Kumar
Others 
 4 likes  83 points

| My Other Post

Sirs,

We had a delay in filing ITR for past 2 years and just managed to file it recently.

We also noticed an SMS from ITDEPT asking us to respond to queries in compliance portal.

We happened to see this SMS only after we filed ITR. Compliance portal seems to be asking about the ITR not being filed, for which we've responded that ITR has been filed (since we'd filed it a few days back). However along with that query, there was also an addition information tab in which we see entries for various TDS deduction for bank interest, asking us to respond to each. We have captured all of this already in the ITR that was filed, but the strange thing is, the information value mentioned in the Compliance portal for each entry seems to not match the actual income. Infact it doesn't match 26AS either. I noticed that it seems to be 4 times more than the actual income.

Given this state:

Question:

1. What is information Value in the query? (Is it just the interest or the prinicipal amount  with the bank?) why does this not match with 26AS.

2. The query just gives us option to respond with Yes/No to "do you know of this information". Although we know about the interest and have mentioned it in the ITR, since the value is different from what we actually got, I'm not sure how to respond to this. Can't say "No" because we do know of the interest income. Can't say "Yes" either because the value is wrong (4 times more than the actual amount). Given this, how can we just respond with a "Yes/No". Please advise.

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     16 March 2018

Dhirajlal Rambhia
KVO Merau Kutchh 
 9222 likes  93315 points

View Profile | My Other Post

" 1. What is information Value in the query? (Is it just the interest or the prinicipal amount  with the bank?) why does this not match with 26AS.

Only interest amount paid and/or accrued during the year.

2. The query just gives us option to respond with Yes/No to "do you know of this information". Although we know about the interest and have mentioned it in the ITR, since the value is different from what we actually got, I'm not sure how to respond to this. Can't say "No" because we do know of the interest income. Can't say "Yes" either because the value is wrong (4 times more than the actual amount). Given this, how can we just respond with a "Yes/No". Please advise."

 

Just check any missing entries like interest accrued over long term FDs.........

Very less chances of any mistake, when banks have reported......

After the verification with Form 26AS and bank interest certificate, if the total  interest amount doesn't match with the query raised..... reply NO.

You will get option for not agreeing...... give reason.


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