Clarification Needed: Reporting Accrued vs Paid FD Interest in ITR

'Interest paid' usually includes the interest paid for the current year also. So, that part needs to be included in the calculation along with accrued interest.

Thanks, Does that means AIS FD interest amount is the correct amount we should report yearly. That includes both interest paid and accural interest. Please advise.

Generally correct, unless there is misreporting by mistake.

26AS of Q1 adjusts the accrued interest of the previous year, and hence one should go by the 26AS statement, and it will also tally with the Bank's interest certificate. Current year interest is reported by the bank in 26AS/Interest certificate and, in the same manner, will get adjusted in the 26AS.

Hi @ Kawai,

Only AIS amount (interest paid+accural interest) is matching with the sum of interestpaid+Accural interest in the bank statement. In form 26AS, few interest paid and some accural are not considered.
Do you know what to do in this case?

Thanks

Go by your Bank statement -the  actual  amount reported by the Bank