Fiel the ITR with correct income after taking the consent of the client.
Make a reconciliation of 26AS and AID and actual income reported.
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?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
