My bank has reported 2 nos of cash credits SFT004 of > 5Lacs cash credit in my Form 26 AS, taking the total cash credit to more than 10 Lacs and thus become reportable under SFT004. one of them is correct and tallies with my figure. But the other one is wrong totally. I have asked for a recheck. I have the passbook and checked and rechecked, but did not find a single transaction other than the tallied figure. in case the bank does not change the SFT004 .what should I report/do in the return ITR1..
HOW TO DOWNLOAD FORM 26AS FROM TRACES PORTAL? What is Form 26AS? To collect tax from the assessee in the previous year itself the government collects it in the form of TDS, TCS, and advance tax. However, the government also allows the assessee to claim the credit of such taxes while filing his Income Tax Return(ITR). To record, such tax credits of an assess the Department of Income Tax maintains Form 26AS. It is an annual consolidated tax statement that contains all the information related..