High Value of transaction... SMS Interest income accounted on accrual basis

This query is : Resolved 

05 January 2024
I have received SMS/EMAIL that
High Value transaction which does not appear to be in line with IT return .
During year as per AIS interest from post office is 5 lakh where as per IT return it is 2 lakh.
Reason of variation is I have accounted interest on acrrual basis.
Now I have to give feedback in AIS.
Which option to be selected .

Option A ,B ,C,D ?

Option A . Information is correct.
Option B. Information is partially correct.
Option C . Information related to other/Fy
Option D . Information is not correct

Please advise


06 January 2024 Select option B give the reason for variation.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries