AOUNT OF DIVIDEND DIFFERENCE BETWEEN BANK AND 26AS

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A taxpayer noticed a difference between the dividend amount credited to their bank account (Rs. 85,822.68) and the amount shown in Form 26AS (Rs. 87,356.68), likely due to TDS. The advice given is to consider Rs. 87,356.68 as the dividend income for tax purposes. Furthermore, interest expenditure deduction under Section 57(i) will not be allowed.

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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13 August 2021 HDFC Securities Ltd profit and loss statement shows (date wise) that the amount of Rs. 85822.68 has been paid/credit into my bank a/c as dividend but F/No.26AS shows that dividend amount is 87356.68. Mostly this is happened due to TDS U/s 194. Will I have to be taken Rs, 87356.68 as dividend income and this amount would have to be entered in quarterly break up? Kindly let me know also from what dividend (Rs.85822.68 or 87356.68) deduction of interest expenditure U/s 57(i) to be allowed? Kindly send your opinion so that I will able to submit ITR-2 for the A.Y. 2021-22. Regards, Limpa Chakraborty

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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13 August 2021 Kindly send me your valuable reply. Regards, Limpa Chakraborty

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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14 August 2021 kindly send me your reply. Regards, Limpa Chakraborty