Hi,

I checked my AIS(annual information statement) and I see duplicate entries for mutual funds purchased. One entry is from HDFC MUTUAL FUND themselves under the category SFT-010 and other is from CAMS-COMPUTER AGE MANAGEMENT SERVICES LIMITED - HDFC ASSET MANAGEMENT COMPANY LIMITED(H) (AAACC3035G.AZ670) under the category SFT-18(Pur).

This is an obvious duplicate but it is adding up in the Taxpayer Information Summary.

Should anything be done in this regard? Should we inform the Income Tax department or will it be handled on their own?

@Quicko can you help us with this query?

Hi @tarun2

If you think there is a mismatch in your AIS with the actual figures, you can submit feedback for the same.
When you submit the feedback, the ITD shall view it and it shall process it after evaluating the same.

Here’s how you can submit feedback.

Hope this helps.

@Meher_Smaran @Quicko

Suppose a person has dual/ duplicate entry for selling mutual fund from CAMS & from CDSL in AIS and does not submit feedback to rectify AIS.

He files ITR by showing only single entry of selling mutual fund as per real transaction.

Will he get income tax notice for concealing income??

It depends on case to case. There is definitely high chance that one may receive a notice from the department if reported income is different from the data that department has in AIS.

Only in rare case, if the differential amount is negligible, We may not get any notice.

Better to be safe than sorry.

@Quicko – Thanks for your response. Which entry should be marked as duplicate in the feedback, the one from CAMS or one from HDFC AMC or both?

Hi @tarun2

You can select any one of them for the feedback.

Thanks for your prompt response @Quicko