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Negative SFT Entry in Form26AS

Ram K (NA) (103 Points)

28 July 2021  

hi,

in my form26as there's a negative sft entry sft005 (time deposit) say -550000 status as O Original filed by my bank. The formula says aggregate gross amount received from the person - aggregate gross amount paid to the person.  I don't know how to apply this formula and I notice that -550000 is way too much. If I gave bank 10 laks in fy and I got interest + capital back as 12 laks then difference should have been -200000. is this the way to calculate this value?

Should I be concerned. I contacted bank but there's no one knowledgeable enough therein who can answer my query with clarity!

Any help from you experts is much appreciated.

 


 2 Replies

CA Raj Doshi (Practising CA) (5487 Points)
Replied 28 July 2021

Sometimes, even in case of a reinvestment of fixed deposit, the bank would consider amount paid and amount reinvested separately. You should ignore because there is lot of complexity and if you are genuine taxpayer then nothing to be worried of.
1 Like

Ram K (NA) (103 Points)
Replied 29 July 2021

Thanks a lot Sir. 


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