PURPOSE OF FORM 26AS
This query is : Resolved
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17 November 2021
Kindly explain the purpose of Form 26AS.
Whether the Tax Credited should match with my books or the amount paid/credited should match with my books or both should match with my books.
In my case TDS deducted on account of Bank Interest matches whereas amount paid does not match with the interest received.
Our auditors says that both should match.
Kindly clarify.
Thanks.
Whether the Tax Credited should match with my books or the amount paid/credited should match with my books or both should match with my books.
In my case TDS deducted on account of Bank Interest matches whereas amount paid does not match with the interest received.
Our auditors says that both should match.
Kindly clarify.
Thanks.
17 November 2021
WHICH IS THE AMOUNT PAID?
IF IT IS ADVANCE TAX, THAN THE SAME SHOULD ALSO MATCH..
IF IT IS ADVANCE TAX, THAN THE SAME SHOULD ALSO MATCH..
17 November 2021
Sir
In my case bank has paid interest for fixed deposit after deducting TDS.
TDS amount matches with Form 26AS whereas interest amount does not match.
In my case bank has paid interest for fixed deposit after deducting TDS.
TDS amount matches with Form 26AS whereas interest amount does not match.
17 November 2021
Try to rectify as per bank records.
17 November 2021
But Sir, actual interest received by me is more than as mentioned in Form 26AS.
Is form 26AS only for verifying Tax Credit.
Is form 26AS only for verifying Tax Credit.
17 November 2021
Check properly. The excess (interest received) might have been accrued interest of earlier years.
17 November 2021
You may also check TIS statement and AIS statement in the IT portal apart from 26AS, wherein all the bank interest ,including those of SB a/cs, are also can be seen.
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