Deposit interest mismatch in 26as & interest certifitate

This query is : Resolved

sumit khare (Querist)
Follow

30 July 2017 The deposit interest certificate generated by bank site shown interest paid + interest accrued total 6200/-
in which interest income for saving account is 1166/- so if i deduct the interest income of saving account which is within limit of 10k the total interest income including accrued interest is 5034 .

However if i refer 26AS form the interest paid shown by bank is 3200/- which is less that what is mentioned in interest certificate issued by bank - saving account interest .

Why there is difference also for shown interest income should i refer interest income mentioned in 26AS or as per the interest income shown in interest certificate after deducting saving account earned interest .

Thanks in advance

Sunil

Sunil (Expert)
Follow

30 July 2017 Deduct SB Interest and show the rest. But check with bank and take the certificate u/s 16A and see what is shown in that. What may have happened is your bank Credits interest twice a year or four times a year and they may have filed statement with TRACES only for the last quarter or half year in which interest accrued may have been reflected only for the half year or quarter.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now