DWQA User Profile PradeepganigQuestions(0)Answers(0)Posts(0)CommentsHi Sreekanth,I got an email from IT Dept stating:"Income as per Form 26AS which has not been included in computing the total income in the return-143(1)(a)(vi)"I logged into IT Dept site and viewed Form 26AS, there i could see that1. tax is paid by my company for my salary2. tax is paid by my bank for my investmentsActually, While filing IT returns i had only mentioned about my salary.Now, if i try to re-file by adding the bank investment amount as other source income along with my salary, with this it shows the tax from the bank.But, it still displays that i need to pay additional tax.This could be because bank has deducted 10% tax on my investment (Form 26AS), but now when i try to add the investment amount to the IT returns, it computes 30% tax, since i come under 30% tax bracketShould i pay the additional tax amount?Thanks, Pradeep.On Income Tax (Compliance Notice)Crop
