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Accrued bank interest
when bank interest gets accrued I.e. not actually credited to the account but 26AS shows it & if we file return on cash basis then should we consider accrued interest while filling return or only that portion which actually is credited to account?
Replies (4)
It is advisable to show in ITR as per 26AS.
Bcoz splitting Interest and TDS may create mis-match peoblem.
Bcoz splitting Interest and TDS may create mis-match peoblem.
@ sateesh no mismatch problem.
accrual basis .
Accrued part remains in bank reconciliation.
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