Difference in interest between 26AS & bank certificate

This query is : Resolved 
Quick Summary
When filing your Income Tax Return (ITR), a common question arises regarding interest income: should you report the amount shown in Form 26AS or the figure on your bank certificate? If there's a discrepancy and the bank certificate shows a higher interest amount, it's generally advisable to consider the higher figure. This ensures you accurately declare all your interest income.

Profile Image

Profile Image

(Querist)
17 December 2020 While filing itr whether to consider interest as per 26 AS or bank certificate as interest is more in bank certificate than that appearing in Form 26 AS ?
Profile Image

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
18 December 2020 Bank certificate or 26As interest whichever is higher can be considered as interest income
Profile Image

Shaveta Sharma

Profile Image

Shaveta Sharma (Querist)
18 December 2020 Ok, Thank you for answering.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member AbhayAbhayPro Member George InnocentGeorge InnocentPro Member Sidhartha sankar pillaiSidhartha sankar pillaiPro Member Swarna GurumurthySwarna GurumurthyPro Member AjayAgarwalAjayAgarwal
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category