Difference in AIS and 26AS

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2478 Points Posted on 30 June 2022
it is observed that there is difference in amounts and subheads under which AIS reflects
compared with
26AS statement
and
actual amounts paid/ deducted
Also sft transactions for all banks with high value not reflected
some banks reflect and others don't reflect
In such scenario itr filled will widely mismatch with AIS
what to do?
Is there any solution?
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On 30 June 2022 at 13:55 Report
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Quick Summary
Many taxpayers are experiencing discrepancies between their AIS (Annual Information Statement) and Form 26AS, leading to mismatches with their actual income and potential issues with ITR filing. This discussion highlights that while AIS may reflect accrued interest or other details differently, the consensus is to reconcile both statements with actual income received. The advice is to proceed with tax calculation and ITR filing based on confirmed correct income after client consent, ensuring a proper reconciliation between 26AS, AIS, and actual reported income.

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Student
460 Points Posted on 30 June 2022
Yes. I am also facing the same.
I have confirmed all the details with client and then proceeded with tax calculation.
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On 30 June 2022 at 15:45
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2478 Points Posted on 30 June 2022
Same here, I am conforming correct income comparing with 26AS, ignoring AIS and filing
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On 30 June 2022 at 15:58
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Chartered Accountant
5010 Points Posted on 30 June 2022

Fiel the ITR with correct income after taking the consent of the client. 

Make a reconciliation of 26AS and AID and actual income reported. 

 

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On 30 June 2022 at 17:35
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2478 Points Posted on 30 June 2022
Thanks
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On 30 June 2022 at 17:38
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Consultant
28 Points Posted on 28 November 2022

Can you clarify and advise on what to consider as 'correct income' - is it the interest income that is actually received from the bank in saving and deposit amounts? In my case, the bank interest received and what is shown in Form 26AS is different. To be specific, the interest income reported under Bank ABC also includes the 'accrued' interest for last quarter. Is this 'correct income' or should the accrued interest not be counted?

 

How can I make a reconciliation of 26AS and actual income?

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On 28 November 2022 at 02:08

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