Def. Return

This query is : Resolved

Keyur (Querist)
Follow

09 August 2024 Sir/Madam

following notice received by email.
Assessee has salary income, Arrears salary received for the fy-2022-23 & 23-24 and form 16 is received salary including arrears salary of fy-2022-23 and form 10E is not issued by employer-

Please guide me

Error Description
The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed.

Probable Resolution
If the receipts as per Form 26AS is not offered in the year in which the TDS credit is claimed, then the claim of TDS will be restricted on the basis of proportion of the receipts offered in the return of income to the receipts in Form 26AS, as per Rule 37BA of the IT Rules. The correction of this defect is to be made by filing the corrected return by offering all the receipts as per form 26AS or by claiming the TDS proportionately as above.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

19 October 2024 You need to file form 10E to claim relief for arrears of salary
Refer: https://www.cachintan.com/post/tax-audit-notes-on-accounts-including-significant-accounting-policies

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