TaxTMI 
TaxTMI 
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?
Income Tax Return
05 Oct 2021 
4 Replies 
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Interest income reporting: reconcile discrepancies between tax records and bank statements and report the appropriate figure to avoid queries.
The taxpayer must reconcile a discrepancy between Form 26AS and bank transaction history for interest income. Practical advice offered: report the figure shown in Form 26AS if doing so does not change tax liability to avoid queries; alternatively, report the bank-statement amount using ITR edit options if the bank record is demonstrably correct; an excess in Form 26AS may reflect accrued interest to year-end, in which case reporting per Form 26AS is appropriate. (AI Summary)
The taxpayer must reconcile a discrepancy between Form 26AS and bank transaction history for interest income. Practical advice offered: report the figure shown in Form 26AS if doing so does not change tax liability to avoid queries; alternatively, report the bank-statement amount using ITR edit options if the bank record is demonstrably correct; an excess in Form 26AS may reflect accrued interest to year-end, in which case reporting per Form 26AS is appropriate. (AI Summary)