Income tax compliance

Yes, the investment for FD......... may be out of own source..... (unless any other investment made)

Thank you for your reply sir. Under the Verification Issue for Investment (NIN03), there are 8 identical rows showing the same Information Code (SFT-005) and Information Value for Time deposits. Shall I submit same response for all 8 rows? Again when I submit same response, let's say Receieved X amount as gift, will the total amount increase to 8X after I submit on all 8 rows?

CODE  SFT- 005: Time deposit

is reported by banks when.......... One or more time deposits (other than a time deposit made through renewal of another time deposit) of a person aggregating to ten lakh rupees or more in a financial year of a person.

It shows there are 8 time deposits........ aggregating to more than 10 lakhs deposits........ ( and not just 1 lakh .........)

So, better take help of local tax consultant to handle the situation in professional way......

Thank you sir. On the Detailed Response there is a Correct Information Value. So, for each 8 responses, this Correct Information Value should match the amount deposited in a single transaction and the aggregation of 8 responses' Correct Information Value should match the Information Value, right sir?

Everything should match........ the amount deposited, FD made, AIR report as per Form 26AS, & SFT report for which the compliance notice received...... alongwith income earned and capital received....