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?
Menu
Difference in AIS and 26AS
Replies (5)
Quick Summary
Yes. I am also facing the same.
I have confirmed all the details with client and then proceeded with tax calculation.
I have confirmed all the details with client and then proceeded with tax calculation.
Same here, I am conforming correct income comparing with 26AS, ignoring AIS and filing
Fiel the ITR with correct income after taking the consent of the client.
Make a reconciliation of 26AS and AID and actual income reported.
Thanks
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?
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
