05 January 2024
I have received SMS/EMAIL that High Value transaction which does not appear to be in line with IT return . During year as per AIS interest from post office is 5 lakh where as per IT return it is 2 lakh. Reason of variation is I have accounted interest on acrrual basis. Now I have to give feedback in AIS. Which option to be selected .
Option A ,B ,C,D ?
Option A . Information is correct. Option B. Information is partially correct. Option C . Information related to other/Fy Option D . Information is not correct
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