SFT-005 Transaction for Purchase of Term Deposit for joint account holder is rejected by source

156 views 2 replies

My father and mother hold a joint saving account. In FY22-23, my father closed few fixed deposit and created new one which amount > 30L.

My mother received a notification in AIS under SFT-005, to justify those "purchase of time deposits". We responed back within time with following reason:
Reason: "Information related to other PAN/Year" and relevant information.

As there is not way to upload document, we provided as much as information we could provide in text.

We have received a follow-up e-mail response from source rceived on your feedback on June 23.

Informtion sources response: "Feedback provided by taxpayer is incorrect"

Please suggest what and how to modify the response. Also, is there any time limit to reply back to this response.

Replies (2)

just let it be. you need not worry about it. If Income-tax authorities send you any query, you can submit the relevant documents at that stage.

@ Manish Raisinghani

You decide, whether to tear your hair out with both hands or one hand, and do accordingly.

Many are using both hands, daily.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register