Errors in tax system software or reporting

[neku]

There are several errors in the reports of the taxation system, which do not match the bank passbook data. Is there a mismatch because of a software error or because the data has been incorrectly reported to the government agencies?

 

[gwolf666]

When there’s a mismatch between reported tax data and what appears in a bank passbook, the root cause can come from a few different places. In some cases, it might indeed be a software issue, especially if the bank or the taxation system uses automated reporting tools that failed to sync properly. Even small glitches in data transfer can cause figures to be misaligned. However, more often than not, the issue comes down to human error. For example, if the bank reports the wrong transaction codes or amounts, or if the taxpayer makes a mistake while filing, that discrepancy will show up later when records are compared.
Another factor to consider is timing. Sometimes entries in a passbook reflect real-time transactions, while the data shared with tax authorities might be delayed or based on monthly statements. This lag can create temporary mismatches that appear to be errors but resolve themselves once the reporting cycle catches up.

 

[neku]

In a specific case, the tax deducted at source (TDS) for debentures was not reported for some debentures in the tax information summary and other tax system reports.