Why did i receive communications u/s 143(1) for a.y 2017/18?

ITR 1516 views 11 replies

Mohammed Ameen Hussain

5 Points Joined July 2017

So today I have received a communication on proposed adjustments from IT.

The attached PDF mentions that the Income as per return and Income as per Form 16 does not match.

Salary (as per return) - X rs

Salary (as per Form16) - Y rs (X + a)

However when I look back at my Form 16, the salary mentioned is exactly X rs (and not Y). This confuses me a little.

When I made some calculations, I have observed that the value ‘a’ is sum of:

- deduction u/s 24 (home loan interest from Apr16 - Jan17)

- Employee PF

- Repayment House loan(principal paid from Apr16 - Jan17)

These deductions are already considered inside the Form16. But I am not sure why it says that the income on Form is Y, whereas I see X (Same as Form26AS)

Note: For claiming exemption for the home loan repayment for the month of Feb&Mar-17, in my ITR form, I have claimed under “Income from House Property” and 80C.

Please let me know if any more details is required.

Thanks in advance.

Replies (11)

Studentsca

CA Practice

3577 Points Joined September 2012

The above discripency may be due to not filling ITR form correctly and just taking figures of form 16.

Mohammed Ameen Hussain

5 Points Joined July 2017

@ Studentsca: Could you clarify?

One point where I may have made an error, when claiming the exemption for House loan in the return, I have ONLY mentioned the amount for the month of February and March (As for the amount from Mar-16 to Jan-17 was already mentioned in Form16 under u/s 24 for interest and 80c for principal).

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

@ Mohammed Ameen Hussain.,

How you file your return...? Any software or Utility from ITD...? And What are the details you shown in FORM 16 to ITR...?

Studentsca

CA Practice

3577 Points Joined September 2012

There is some discrepancy in figures filed in Form 16 and figures filed in IT Return which the CPC has noticed.

You will have to sit and find out the exact cause for the same.

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

@ Mohammed.,

I think this video is help ful for you...

https://www.youtube.com/watch?v=zmEmgGUz6uE

Mohammed Ameen Hussain

5 Points Joined July 2017

Originally posted by : RAJA P M
	@ Mohammed Ameen Hussain., How you file your return...? Any software or Utility from ITD...? And What are the details you shown in FORM 16 to ITR...?

I filed ITR on the official website myself.

Let me give more details.

In my form16 generated by my employer:

Income after deducting HRA/Conveyance/Emp Tax etc : 539907

Deduction u/s 24(interest home loan from Apr2016- Jan2017) : -139131

80C EPF: 22680

80C Principal Repayment(principal from Apr2016-Jan2017) : 27647

Total Income : 539907-139131-22680-27647 = 350450

==================================================

In my ITR this is the information I have given:

Income from Salary: 350450

Income from House Property(Remaining Home loan interest from Feb-17 to Mar-17) : -12417

80C (Remaining Home Loan Principal from Feb-17 to Mar-17): 16804

Taxable total income: 333240.

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Already I Think That one......

Your answers is your query....

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Please just you see the above video.... You got answer...

Mohammed Ameen Hussain

5 Points Joined July 2017

Originally posted by : RAJA P M
	Please just you see the above video.... You got answer...

Hello Raja, I understood my error. So I would like to correct it now. What should I do to correct this? I still do not see anything under E-proceedings.

Can I submit a revised return with the corrected data?