Excess Interest shown in AIS
This query is : Resolved
Quick Summary
Mahabir Prasad Agarwal
(Querist)
02 August 2024
Sir, on Bank and Post office deposits, I used to show yearly interest accrued while filing my ITR. On maturity of theses deposits, entire interest is shown in AIS in a single year. Is there a remedy for this ?
CA R SEETHARAMAN
(Expert)
02 August 2024
Select and Submit your feedback on it in AIS.
Go to AIS tab in the income tax portal and expand any tab to view the information. As shown below, upon expanding the TDS/TCS information tab there is an option to give feedback.
Go to AIS tab in the income tax portal and expand any tab to view the information. As shown below, upon expanding the TDS/TCS information tab there is an option to give feedback.
Nikhil Kaushik
(Expert)
03 August 2024
even AIS shows on accrual basis. I do not think they report on receipt basis.
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