High Value of transaction... SMS Interest income accounted on accrual basis
This query is : Resolved
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
Please advise
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
Please advise
06 January 2024
Select option B give the reason for variation.
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