Interest on Post office accounted as accrual basis.

This query is : Resolved

K.G.Shah

K.G.Shah (Querist)
Follow

02 January 2024 Sir , As per my AIS Interest is as Rs 5 Lakh (Bank FD 2 Lakh , Post office i 3 lakh ) .

As per IT return it is 3 Lakh ( Bank FD 2 lakh, Post office 1 Lakh) .

Reason of variation is Post office interest shown on accual basis.

Now I have received SMS/Email from Deptt that High Value transaction which does not appear to be in line with IT return .

And they have marked * on FD interesrt to give feed back ..
Option A .Information is correct .
Option B. Information is not fully correct option C information relates to other PAN/year and
Option D information is duplicate

. In this case which option to be selected . They hace not marked on post office interest but marked on Bank interest.
Whether option A to be selected or option C to be selected.

K.G.Shah

K.G.Shah (Querist)
Follow

03 January 2024 Please advise on my above quarry

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

14 January 2024 Option C looks good to me. Please do explain the reason while filling

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rampal Saini

Shailesh Prajapati

efiletax

ANJANA PALIYATH

kishor wakte

Subscribe Now

Interest on Post office accounted as accrual basis.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

GST CONSULTANT

Accountant

Manager- Finance and Compliance

GST CONSULTANCY