How to respond E-Campaign notice of Income Tax Department | Income tax E campaign

In this video we are discussing about:-

How to respond E-campaign notice?
E-campaign notice
How to reply for E-campaign notice?
Income tax E-campaign
e-campaign for high value transactions in compliance portal
How to respond on Income tax notices
Compliance portal
Income tax department has identified high value information

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[thadelasivaprasad]

I got the same sms under sft 4 of 1096500 cash deposit.
What to do mam? Any problem if i dont reply to itr.

[kusumprajapati]

Thank you ma, am for the video. Query: If interest on FD is shown less in "specified transactions" than what is shown in the filed ITR for the relevant assessment year, should I click on the information is correct or write the correct interest amount for the relevant assessment year which is filed in the ITR?

[babugr]

Very simple way and good explanation. Thank you

[snehachoksi]

Thank you for this video. Plz confirm responding to this notice is duty of an accountant or the Auditor?

[satpal]

Respected Madam, I got e compaign high value transactions message on 29 March 2021 for FY 2020 21.I couldn't file revised return. Kindly tell me what to do.Thanks

[sivaramanp]

I have doubt. If house owners are not ready to give pan card number how can we submit hra.
In office they're asking for house owners Pan number and pan card copy for adding hra in form 16.
In this case, in my form 16 I will not be opted for hra. How can I get hra, in ITR filing?

[elements]

Thank you very much..May you shine 🌞 in the times to come.👍👍 All the best 👍

[tomygeorge]

Please advise what to do further after submitting information correct in compliance portal.

[abhijitsalunkhe]

i got message, all are Interest Paid on saving account by Bank which is in thousands (3% interest ), is this high values transaction, and i thought the bank has already deducted tds at source. Is it not Banks duty to reflect it in 26AS form ? I file income tax return using my form 16 and using 26AS, How is it my fault. Technically I have not done these transactions

[swamyg]

Hi Neha, I got the sms for high value transaction - savings bank interest. I filed my ITR based on form 16 and verified 26AS - I was not aware that we need to include savings bank interest as well. Can I still revise my returns as my assessment was completed? Please suggest

[aryansinghania]

Thanks for the Video CA Neha, this is new feature release by ITD as a step towards increasing transparency in IT filling and reducing man in the middle. Not many CA are aware of it, your effort are appreciable .
I was trying to do the same for one of my friend and I am facing issue in submitting option B.
---- Feedback option B. Information is not fully correct, is not allowing to submit the corrected information. Even after selecting the account type it is displaying a message, Please select option, and after clicking on submit it is not moving forward.

[iswaryab]

I filed my INCOME TAX return for the financial year 2019-20 and ITR was processed . Refund also received .Now i received a message from income tax department regarding that e compliance of high value transactions i.e interest on FD not shown in income tax return . now i have to revise my income tax return . but while filing revised return it is showing tax as refund. but actually i have to pay tax .now please tell me what to do mam. please reply....

[rabigafoor]

How can I know the information in the notice is right or wrong, ma'm?

[RajeshRR]

Got this notification and the reasoning was high value transaction. The transaction which required response was from recurring deposit amounting 44K and saving bank interest of 10K and 1.5K. So I need to file the ITR revision on this? Am sure the interest on recurring deposit is less than 10K. Please advise

[govind]

I am your new subscriber. I have a query: E-campaign of compliance portal showing "matured FD's re-invested after a few days" as new investments. Also they were re-invested 2-3 times for short-term in the same year and so the "new investments" add to a big amount. Which option to select---Correct, Partially Correct, Duplicate or Denied. Also, the Form 26AS is also showing them as new investments. Already filed the ITR. Thank you!

[hemantmittal]

I have already filled my itr with all FD interest and paid the tax for the same and it is still showing in e campaign. Moreover the saving account interest is reflecting in e campaign is more than 1.25 lacs which is totally incorrect. I have already filled the itr covering all saving bank interest. What should I do?

[travelpedia]

Mam received e campaign as HIGH VALUE TRANSACTION.
In my account on behalf of some other person amount deposited in my account and again transferred.
What to do?

[anindya]

Mujhe bhi same message Aya hai. For assessment year 20-21 (financial year 2019-20). Aur sare FD interest dikha raha jo abhi tak mature nhi huye. Mujhe ye bataiye kya ye compulsory hai ki return revise karu. Ya fir jab FD mature ho Jaye tab me return me use dikhau.

[sonusethi]

I want compliance for withdrawal .
As I maintain icici current account but electronic payment services credit my account and I withdraw and deposit in atm and bank deduct tds on it so which option is best in e compliance for this
1) information is correct
Or
2) information is related to other person i.e EPS PVT LTD
PLEASE GUIDE

[kgravikumar]

Thanks for the video. Are you saying 26AS didnt capture income source details correctly??
In my case i am told that i have recievd 10lakhs from other sources of income and i went into details that they listed and i could only add it all upto 4 lakhs.
Setious doubts about this exercise.