I made an FD in October 2021 for one year. The interest will be credited when the FD period is over in october 22. The AIS for 21-22 shows partial interest which has been generated for 21-22 but not credited. Should i show this in this years ITR or show full amount after it is credited in next years ITR?
7 Replies
rama krishnan
(12239 Points)
Replied 14 June 2022
Interest income has to be admitted and computed on accrual basis. so admit the interest income shown in ais under income from other sources
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 June 2022
You may show it in 2021-22 FY ( AY-2022-23) and reduce the interest in the subsequent year
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 19 June 2022
Partial interest means some part of interest
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 19 June 2022
@ G Verma ,
Review 26AS , AIS and actual information available with you . If you get additional income in AIS then it may be correct only on accrual basis
Review 26AS , AIS and actual information available with you . If you get additional income in AIS then it may be correct only on accrual basis
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