FD interest in itr1

While filing itr whether to consider interest as per 26 AS or bank certificate as interest is more in bank certificate than that appearing in Form 26 AS ?

Replies (7)
Quick Summary
This discussion addresses a common query for ITR 1 filers regarding Fixed Deposit (FD) interest. The core question is whether to report the interest amount as per Form 26AS or the bank certificate, especially when there's a discrepancy. The consensus is to use the bank certificate amount as it reflects the actual income earned. You should declare this bank interest under 'Income from other sources' in your ITR 1.

How many months you got Interest on F.D ?.

It was for one year which matured in June 2019 and renewed for further 1year.

You have to show Bank Interest as a Income from others source in ITR 1 .

My question is regarding the difference in amount as per 26 AS & bank certificate.which to show ?

Consider interest as per bank certificate because it is the actual income earned and claim the TDS accordingly.

Ok, Thank you for your reply.

Welcome

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