Interest on Post office accounted as accrual basis.
This query is : Resolved
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.
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.
14 January 2024
Option C looks good to me. Please do explain the reason while filling
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