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Difference in AIS and 26AS

Others 788 views 5 replies

Mahesh Shah

2478 Points Posted on 30 June 2022

it is observed that there is difference in amounts and subheads under which AIS reflects
compared with
26AS statement
and
actual amounts paid/ deducted
Also sft transactions for all banks with high value not reflected
some banks reflect and others don't reflect
In such scenario itr filled will widely mismatch with AIS
what to do?
Is there any solution?

Replies (5)

Renu

Student

460 Points Posted on 30 June 2022

Yes. I am also facing the same.
I have confirmed all the details with client and then proceeded with tax calculation.

Mahesh Shah

2478 Points Posted on 30 June 2022

Same here, I am conforming correct income comparing with 26AS, ignoring AIS and filing

CA Puja Sharma

Chartered Accountant

5010 Points Posted on 30 June 2022

Fiel the ITR with correct income after taking the consent of the client.

Make a reconciliation of 26AS and AID and actual income reported.

Mahesh Shah

2478 Points Posted on 30 June 2022

Thanks

nikog

Consultant

28 Points Posted on 28 November 2022

Can you clarify and advise on what to consider as 'correct income' - is it the interest income that is actually received from the bank in saving and deposit amounts? In my case, the bank interest received and what is shown in Form 26AS is different. To be specific, the interest income reported under Bank ABC also includes the 'accrued' interest for last quarter. Is this 'correct income' or should the accrued interest not be counted?

How can I make a reconciliation of 26AS and actual income?