Easy Office

Tds deducted higher in form 16

This query is : Resolved 

27 September 2016 SIR,
TDS DEDUCTED ON MY FATHERS RETIREMENT BENEFIT IS 400000 AS PER 26 AS
BUT IN FORM 16 TAXABLE INCOME CALCUALTED RS 1101600 AND TDS 168000
IN 26 AS TASABLE AMOUNT 1900600 AND TDS 400600

SO CAN I CLAIM ( 400600-168000) = 232600 REFUND

27 September 2016 Ensure TDS of 400600 deducted from your father's account. If it is so claim refund. If TDS of others is wrongly entered in your father's 26 AS don't claim refund.

27 September 2016 BUT IS IT ANY CHANCE OF ASSESSING OFFICER CAN MISMATCH AND CHARGED DEMAND AS 26AS SHOWN 1920000 PAID AND FORM 16 SHOWS 1100000 OTHER AMOUNT ARE RETIREMENT BENEFIT SO IT IS TAXABLE OR NOT




27 September 2016 AO may raise a query and reply to the query that amount not related to you.

27 September 2016 SIR A BANK FD FOR 5 YEAR WHICH MIS INTT CREDITED MONTHLY IN BANK ACCOUNT CAN BE CLAIMED AS 80C DEDUCTION

27 September 2016 If the FD is made as tax saving FD then it can be claimed u/s 80C.



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