Hello Everybody,
I need some expertise advice on income tax filing, I stayed for a brief period about 2 months in a Software company in Dec-2016 to Feb 1 2017, and due to personal reasons i quit the company by citing the reason to hr not formal resignation and joined another company. The form 16 of that employer has indicated that i stayed from December to march 2017 and the it shows like the salary is paid for all those months and income tax paid also showing around 27000, which is also reflecting in my income tax site form 26AS. So i need to know do i need to file the ITR with what company has given with incorrect data or can i file with actual salary what i got.
Please help in this regard
7 Answers
Hi,
You have two options, either to consider that income which is given in Form-16 & Form 26AS, file your ITR
(or)
You may ask your ex-employer (if possible) to correct / revise the Form 16. If they revise it, you may to verify the details in Form 26AS and have to file your ITR accordingly.
Kindly read :
https://www.relakhs.com/form-16-form-16a-form-26as-tds-itr/
Hi sir, so should I not consider the actual salary amount credit for those 2 months alone by that company and file the return, if I do so then I.T dept might refund that tax which was not deducted from me but it was shown by that employer. In that case will there be any prob since I have got only salary for 2 months and no tax was deducted for the Same.
Hi,
The IT department goes by the details given in the Form 26AS.
Your stand might be correct, but if you file as per your income data and if there is a mismatch in TDS details then you may get notice or defective return notice by the IT dept.
You may have to prove and justify your stand with relevant documentary evidence.
Thanks sir, so in this case, as per your previous direction i will file the returns with the data which is available in the form 16 if incase i dont get the revised form 16 from that company. so i am assuming that there wont be any problem from I.T dept in future for me. If that company rectify the form26 AS since they have paid more tax then i assume i may need to credit if there is any deficit in future, please validate. Thanks
I am assuming that Form 16 data and Form 26AS details are matching. You may go ahead if so and disclose the TDS details as given in these forms and file your ITR.
In case if they revise the Form 16, then you may have to revise your ITR. Keep an eye on your Form 26AS.
Yes Sir, the TDS given in that incorrect form16 of that company is matching with Form 26AS, so i will follow your advise and file with all the companies form 16 data. Thanks for your help.
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