AIS Updated for FY24

[Pradumya]

Ab mein interest amount ka SS daalna nhi chah rha, ghor apmaan ho jega mera🙂

Ab janaab mera total 5714 report hua hai saving bank + fd mila k

Mujhse toh jyada hi hoga tumhara 😂

 

[pgarg24]

What if one cc, ex: bankA reported 11L and then other banks cc have spends like 3L on bankB, 2L on bankC, 4L on bankD..
Now Total spends: 20L


So BankA is reported, bankBCD not reported. But salary is 15L.. do you think notice will come? Since the reported is less than salary reported so there should be no issues but since tax dept now knows that spends are ablve 10L, will they check the totals on all cc? Or banks wont report above 10 so tax dept wont check further..?

 

[varun__goel_]

Ab janaab mera total 5714 report hua hai saving bank + fd mila k

Mujhse toh jyada hi hoga tumhara 😂

Kam hua to 500 GPay karoge?🙂


Chlo ye chhodo Amex hi apply kar lena mere referral se 🤣🤣

 

[varun__goel_]

Sahi baat hai bhai 1-1-2-2 ka bhi report hua hai🤣

Jio Payments Bank m Rs.1 ka aya. Waise toh m Zero.hi rakhta hu yeh 1-2 ka kyu credit kiya pta nhi🤣

Mere bhi yhi hai, be faltu mein closed acc bhi add krne pdenge

 

[Pradumya]

What if one cc, ex: bankA reported 11L and then other banks cc have spends like 3L on bankB, 2L on bankC, 4L on bankD..
Now Total spends: 20L


So BankA is reported, bankBCD not reported. But salary is 15L.. do you think notice will come? Since the reported is less than salary reported so there should be no issues but since tax dept now knows that spends are ablve 10L, will they check the totals on all cc? Or banks wont report above 10 so tax dept wont check further..?

Nah bro
ITD can get data from the banks if they suspect anything.
In your case the salary income is itself 15lac so even if 20lac is reported then also it would be fine. Considering you might reply as you had savings from earlier years that you utilised this year.
If it's not reported, be on a safer side and report the cashback or reward points in other sources.

 

[SSV]

Has ICICI & Kotak reported account interest?

ICICI - Yes
Kotak - I don’t know

 

[varun__goel_]

ICICI - Yes
Kotak - I don’t know

So they haven't reported Rs3 interest in my case till now🤣🤣

 

[SSV]

So they haven't reported Rs3 interest in my case till now🤣🤣

They reprted my FD interest..
SB interest I need to check.

 

[Strange]

AIS report is ready but SBI card outward remittance is not reported yet.

SBI Card reported credit bill payment in your AIS. Can you share screenshot?

 

[m4b]

Nah bro
ITD can get data from the banks if they suspect anything.
In your case the salary income is itself 15lac so even if 20lac is reported then also it would be fine. Considering you might reply as you had savings from earlier years that you utilised this year.
If it's not reported, be on a safer side and report the cashback or reward points in other sources.

kya matlab cashback or reward points khud se report karna hai?

 

[vivdwive]

ICICI - Yes
Kotak - I don’t know

In my case icici not shown yet
Kotak and sbi - shown

 

[Pradumya]

kya matlab cashback or reward points khud se report karna hai?

As i mentioned - to be on a safer side
The thing is for these larger transactions if ITD issues 133(6) notice you can reply and also mention that the reward points or cashback earned from rotating the amount is declared correctly.

Ideally you should report this every year because you don't know after how many years ITD may issue notice.

 

[m4b]

abhi dekha ki IFOS mein bhi karna hota hai rewards, yaar 1L ki dost ki spend se 10L cross gya mera 😭
10.26 ka report hua hai baas

As i mentioned - to be on a safer side
The thing is for these larger transactions if ITD issues 133(6) notice you can reply and also mention that the reward points or cashback earned from rotating the amount is declared correctly.

Ideally you should report this every year because you don't know after how many years ITD may issue notice.

 

[Pradumya]

abhi dekha ki IFOS mein bhi karna hota hai rewards, yaar 1L ki dost ki spend se 10L cross gya mera 😭
10.26 ka report hua hai baas

If your income justifies this reporting then you are good to go.

 

[m4b]

If your income justifies this reporting then you are good to go.

income toh justifies but spend doesn't lol, ekdum se FY23-24 mein kafi hua

 

[chasni]

income toh justifies but spend doesn't lol, ekdum se FY23-24 mein kafi hua

It is your money, you can spend all at once or over the years. No one can question you on this.

 

[m4b]

It is your money, you can spend all at once or over the years. No one can question you on this.

That's what I feel. But my govt servant father doesn't, abhi retired though but he still thinks not to spend heavily otherwise you would fall under ITD's radar.
Somewhat influenced by his thoughts

 

[Pradumya]

That's what I feel. But my govt servant father doesn't, abhi retired though but he still thinks not to spend heavily otherwise you would fall under ITD's radar.
Somewhat influenced by his thoughts

I can understand that thoughts
If you are spending way more than your income then it signals of some kaala paisa
+/- 2lac of your ITR is explainable.

In a case of person having 6lac ITR and spending 40lac would raise questions right. In such a case you will be under itd radar

 

[hema220]

Someone I know called me up and was confused and scared of 40lac transaction reported in AIS

View attachment 55932
I explained to her what this means and what could have happened to which she told me she used HDFC Tata Neu Infinity to her parents shop and rotated around 2lac every month.

The math was not mathing so i asked it should be 24lac then she said she used POS transactions as well with another HDFC card.

And now I know I will be getting calls and texts from more people like these. Drafting these replies would be cumbersome as there is a need to tally each transaction into all bank accounts. With UPI coming in people have bank statements of more than 100 pages sometimes.
Next 2 months bahut mehnat karni hai 🥺

BTW apna AIS check kar k bataiye kitne lac report hue ya someone reached crore toh share screenshot please.

Actually entertainment starts once ITR filing deadline is over.

AIS report is ready but SBI card outward remittance is not reported yet.

Even AU SFB reported but wrong numbers

SBI Card reported credit bill payment in your AIS. Can you share screenshot?

credit card bill payments will be reported if they cross 10 lakhs, no bank credit card crossed that limit for me so, no report in AIS. There I am taking about outward remittance means foreign currency payments, AU SFB reported but SBI cards not reported yet. May be they report little late. Wait and see.

 

[hema220]

12 lakh fd reported? Should one be worried!
Income from intrest on bank is not high
Because fd was broken & made again which lead to 12 lakh

For non tax filer

no need to worry, ask bank manager about this, just for your satisfaction.