Hello,
1. Will ITR be processed based on the derived values or the original values in TIS.
POst office has reported all 5 year interest on NSC this year(maturity) in AIS. I have been paying tax based on accrual basis last 4 years. I have submitted feedback (info belongs to previous years)and now the derived value is correct in TIS.
Will IT consider the derived values? Has anyone had any issues because of this descrepancy.
2. under feedback we can assign income to previous 5 years or future 5 years. In case of KVP if we need to assign it to previous 6th or 7th year what to do?
Thanks in advance
CAclubindia
