Interest on

20 August 2021

FD interest should be shown in ITR as shown in AS 26 or actual as arrived by us in case of long term FD

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 20 August 2021

Actual interest received should be reported in ITR

Kiran Hathalia (837 Points)
Replied 20 August 2021

Actual received or reflected in Form 26AS whichever is higher should be considered in ITR.

Nidhi (Chief Accountant) (3150 Points)
Replied 21 August 2021

Actual calculated on accrual basis or reflected in Form 26AS whichever is higher should be considered in ITR.

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 22 August 2021

Show the higher amount

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