Deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2012 Hello Sir,
My Client has been claimed deduction of donation of RS 200000/- in form 16 but actually is of Rs150000/- then whether i should take 150000/- or 2Lac in return.
What r the consequenses if i take 2 lac
can u give some related case laws for this, if claimed 2lac and responsibility is of employer

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

17 July 2012 Incase any difference with your form 16 issued by your employer and actual, you can consider actual only. because the final tax liability will come on you only.if you claim false. if you take Rs.2 lakh deduction, while assessment if found Rs.1.50, then need to pay different tax with interest and penalty

Actually Employer can allow only 100% donation category under section 80G, other donations, they cannot allow, employee need to claim in return directly. so incase employer allows wrongly, then the difference of tax not deducted will be penalty for employer also

Message likes : 1 times

CA Manikandan.A.V

CA Manikandan.A.V (Expert)
Follow

18 July 2012 Employer should not allow donation (50% catagory) here you should take actual donation and submit return.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rampal Saini

Pavithra Doss

ABHISHEK RATHORE

prasanth kona

Arvind Sharma

Subscribe Now

Deduction

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

Senior Executive

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT