AIS Updated for FY24

[scn]

Anyone answer

what happens if person spends 12 lakhs in this year with 8 lakhs income and filing itr every year from past 10 years and spends 12 lakhs from his own earning/savings this year

do they still got notice? with salary and spends mismatch and unnecessary providing proofs

 

[SSV]

Pradumya Sir,


I'll be filling <10L ITR and my MF Sale and Purchase is ~2Cr basically multiple times buy and sell all purchase linked to previous years ITR and reported will that be an issue although I have all proofs to show its same n purchase multiple times kind of case.

SFT 17 and SFT 18 reported.

​

Nothing happens, don't worry. Just declare the profit/ loss accordingly.. you will be fine

 

[SSV]

Anyone answer

what happens if person spends 12 lakhs in this year with 8 lakhs income and filing itr every year from past 10 years and spends 12 lakhs from his own earning/savings this year

do they still got notice? with salary and spends mismatch and unnecessary providing proofs

No .. be peaceful.. nothing happens

 

[SSV]

I am in this similar situation. Rebalanced huge chunk of portfolio (not in Cr 😛). I hope not to get notice on this 😛
It’s normal right, many people do rebalance their portfolio once in a while.

Yes, provided you have reasonable prior ITF filings

 

[pinki]

where to check AIS

Sbse heavyyy question to chhot hi gya sbse 😈

@SSV @VISHESH_BANSAL @Pradumya

 

[SSV]

where to check AIS

Sbse heavyyy question to chhot hi gya sbse 😈

@SSV @VISHESH_BANSAL @Pradumya

After logging into income tax efiling portal..

Home

www.incometax.gov.in

and then click on AIS option below:

 

[Deepak_Shetty]

Did you took overdose of @Abhishek012 and legend arindom rotation trick to the moon

I don't use my card for money rotation but used a lot for AGC purchase.

 

[raghu.rokda]

I don't use my card for money rotation but used a lot for AGC purchase.

And where you used those AGC ?

 

[Vasuki]

I am in this similar situation. Rebalanced huge chunk of portfolio (not in Cr 😛). I hope not to get notice on this 😛
It’s normal right, many people do rebalance their portfolio once in a while.

It's not in cr
It's in crs

 

[Vasuki]

I don't use my card for money rotation but used a lot for AGC purchase.

You don't have to answer satirical things 😂

 

[Deepak_Shetty]

And where you used those AGC ?

For shopping and insurance bill payment of mine as well as friends. I am not transferring AGC back to my bank account.

 

[Deepak_Shetty]

Can you share the screenshot?

Out of 1049571 Rs, SBI Cash back card contribution is 878552 Rs and remaining 171019 Rs payment has been made towards SBI Simply click card. Figures are matching exactly with SBI card payment history.

 

[VISHESH_BANSAL]

Out of 1049571 Rs, SBI Cash back card contribution is 878552 Rs and remaining 171019 Rs payment has been made towards SBI Simply click card. Figures are matching exactly with SBI card payment history.

Since you tallied the Amount,
Can you clarify in this Amount , Txn Reversal i.e refund and Cashback Credit for Cashback SBI is not included ? Only Repayments Made by you is included?

 

[Deepak_Shetty]

Since you tallied the Amount,
Can you clarify in this Amount , Txn Reversal i.e refund and Cashback Credit for Cashback SBI is not included ? Only Repayments Made by you is included?

I didn't find any transaction description named as refund/Cash back in payment history. Anyhow I will check once again thoroughly shortly.

 

[AllThatStuff]

Is it possible that Axis bank might have reported wrongly to Tax Authorities??

In my AIS it is shown as 23L+ payments done to Axis bank, meaning nearly 2L monthly spends…which is preposterous!!

How can one get it corrected??

 

[VISHESH_BANSAL]

I didn't find any transaction description named as refund/Cash back in payment history. Anyhow I will check once again thoroughly shortly.

No, need In Payment History only Actual Repayments are shown and if the Payment History Total is matching with Reported Amount then Refunds and CashBack Credit is not counted ,which anyways should not be counted

Someone was saying Any Credits to Card Account will be reported,which is not the case , otherwise your Reported Amount would be higher at least by 5% i.e, Total Cashback Credit Amount for Cashback SBI😂

 

[anantnitish]

Did you took overdose of @Abhishek012 and legend arindom rotation trick to the moon

Dono toh ek he mahapurush hai na😂

 

[Vasuki]

Dono toh ek he mahapurush hai na😂

No o
I guess 🤔

 

[SSV]

Is it possible that Axis bank might have reported wrongly to Tax Authorities??

In my AIS it is shown as 23L+ payments done to Axis bank, meaning nearly 2L monthly spends…which is preposterous!!

How can one get it corrected??

Take this 🪓 , to 🪓 ..

 

[Vasuki]

Take this 🪓 , to 🪓 ..

Wo stree. Hai kuch v kr skte hai

Fits to axis Bank 🤣