Income Tax Return

[Karan Bansal]

I checked my form 26AS. According to it, my bank has paid ₹ 48613 as interest, but in the bank's transaction history it is ₹ 45366. Which income should I show in ITR?

AI Summary

Taxpayer Confused Over Interest Income Discrepancy Between Bank Statement and Form 26AS; Experts Advise Reporting Form 26AS Amount An individual inquired about a discrepancy between the interest income reported in their bank's transaction history and Form 26AS, questioning which amount to declare in their Income Tax Return. One respondent advised using the Form 26AS figure if it doesn't affect tax liability, while another suggested reporting the bank's figure and using the edit option in the tax return form. A third respondent noted that the excess amount in Form 26AS might account for accrued interest, recommending that the individual report the interest as per Form 26AS.