Dear Sir/Madam,
I'm in need to respond to e-Campaign notice for High Value Transacton. But the issue I see here is FD Interests are duplicated between "Total interest payable by a banking company (SPP)" and also in "Interest other than “Interest on Securities” received (TDS Form 26Q, Section 194A)".
Say I've FD for a period 18 Month, from July-2018 to maturity Dec-2019 for total interest of Rs.1Lakh, the Income Tax e-Campaign portal is reporting Rs.1,00,000 under "Total interest payable by a banking company (SPP)" + Rs.66,000 (i.e. actual Insterest during FY19-20) under TDS Form 26Q, Section 194A. In this case Rs. 66,000 is the actual interest during the financial year and same has been accounted in ITR, but how should I report the Rs.1,00,000 reported under "Total interest payable by a banking company (SPP)", this 1 Lakh is the actual payment paid by bank at the time of maturity so confused how to report this e-Campaign.
Seeking the help of expoerts here.
Thanks in advance!