Recurring deposit interest reporting in AIS

This query is : Open

rmalhotra (Querist)
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23 June 2022 Sir,
My client was running one RD with Post office and was reporting accrued interest of every year in his IT return. Now on maturity of RD entire interest amount of Rs 6 Lacs is now shown in AIS,
Whereas out of that amount Rs 4.90 lacs was already included in preceding tax returns of respective years. Now on maturity year he actually needs to report only one last year's interest which is approx 1.10 lac, instead of Rs 6 Lacs as shown in AIS.

How can I deal with this issue in AIS and IT Retun of AY 22-23
Pls guide on above issue .

CA Puja Sharma

CA Puja Sharma (Expert)
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23 June 2022 You will online show Rs. 1.10 as your interest income for the FY while filing your ITR.
If you receive any query from the dept. then you can explain the remaining interest of Rs. 4.90 Lacs have been already included in the previous year's ITR.

rmalhotra

rmalhotra (Querist)
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23 June 2022 Any specific feedback which is suggested to be recorded and updated in AIS . Pls suggest on that also.

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