Tax Management India. Com
                        Law and Practice: A Digital eBook ...

☞ Data-bank

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News D. Forum
Highlights
What's New  Latest Cases 

Share:      

        Home        
 
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Income Tax Return, Income Tax

Issue Id: - 117547
Dated: 5-10-2021
By:- Karan Bansal
Income Tax Return

  • Contents

I checked my form 26AS. According to it, my bank has paid ₹ 48613 as interest, but in the bank's transaction history it is ₹ 45366. Which income should I show in ITR?

Post Reply

Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 6-10-2021
By:- ARVIND JAIN

Practical view- If no impact on Tax liability then go as per 26AS to avoid further queries and if Tax increases then consider the correct one .


2 Dated: 8-10-2021
By:- Karan Bansal

Thanks Arvind ji,


3 Dated: 9-10-2021
By:- Rupali Gupta

You should show as per bank transaction history ₹ 45366 and there is edit option in Income tax return forms while filing , you can edit that .

Provided before editing of unmatched figures please check thoroughly 2 to 3 times if it's really not matching with 26 AS .

Generally 26AS shows figure given by employer that is bank in your case and so there can be mistake on their part but you show correct figure of interest income so that it's get rectified in the part of bank afterwards.


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||