Interest income in AIS

This discussion addresses a common query regarding interest income appearing in the AIS but not in Form 26AS due to no TDS deduction. The core issue is determining the correct financial year to report this income. While AIS suggests current year inclusion, the interest will only mature and have TDS deducted next year. Reporting it now could lead to a mismatch with 26AS and double-counting next year. The question is whether individuals must report income on an accrual basis or if a cash basis is permissible, and what the correct approach is to avoid discrepancies.