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Does form no 26As consist of Fixed Deposit details in Part E

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jraju

Others

243 Points Posted on 04 August 2021

Normally I found the interest details under 194 a , will be found in the top of form No. 26AS tds details.But I heard that in some cases the Fixed Deposit Amount Details are being shown in Part E of the same.

Is that correct? I have not seen any entries in part E, regarding FD, details.

Could any one explain,

Replies (2)

Quick Summary

This discussion clarifies whether Fixed Deposit (FD) details are included in Part E of Form 26AS. While interest details are typically found under Part 194A, financial institutions are required to report certain transactions, including those related to investments and payments, which may appear in Part E. The content also touches upon the accuracy of software and educational qualifications in relation to such reporting.

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 04 August 2021

Subject to the limits prescribed for various investments and payments, the respective financial institution is required to report the transactions to income tax authorities in a prescribed format. The said information is accordingly reflected under Part E of your Form 26AS.

Samantha J

748 Points Posted on 04 August 2021

The software has been developed by B.Tech degree holder.Had it been developed by B.E. engineering holders this gross error would not have occurred!
Today,we are in an age where people don't know the difference between diploma,B.Tech and B.E degrees.Thus, we live in a world where such errors will occur.Everyone has 99/100 % in boards!