Is it advisable to show lower interest income of savings bank account in itr?
4 Replies
D K Gupta
(Service)
(95 Points)
Replied 30 September 2021
No, it should be same or higher amount what is shown in 26 AS.
D K Gupta
(Service)
(95 Points)
Replied 30 September 2021
No, it should be same or higher amount what is shown in 26 AS.
D K Gupta
(Service)
(95 Points)
Replied 30 September 2021
If TDS is deducted by bank, it will reflect in 26AS with tax. If no tax is deducted then it will not reflect in it. In that case you may show correct interest credited in your bank account in other sourse.and claim exemption under 80TTA or 80TTB for maximum upto 10K or 50K, as the case may be.
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