banner_ad

Difference in income shown in 26as and income earned statement from bank - which to report

Others 321 views 5 replies

The statement given by bank to me for interest earned on fixed deposits for the year 2018-19 and the income earned from deposits from this bank shows another (higher) figure which corroborates with form 16A obviously.

 

since the difference is quite a lot, I was wondering which figure would I be required to furnish in my returns

 

Thanks 

Replies (5)
Always take the higher figure as stated in the interest statement by the bank because it is inclusive of accrued interest which is excluded from form 26 AS . And while filing income tax returns income means which has been earned in previous year... it's realization is not necessary.
show higher figure as per bank and pay SA tax

Thanks

income from bank statement is to be taken
Highest to be taken into consideration. But at the same time, u can't offer less than 26AS.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details