Excess deduction in form 16
This query is : Resolved
14 July 2016
Hi All
I got form 16 for FY 2015-16 from my co., showing Deduction u/s 80C 90000 which is incorrect.
I have invested only upto 40000.
How to proceed with ITR filing, should i show 90000 or 40000.?
I got form 16 for FY 2015-16 from my co., showing Deduction u/s 80C 90000 which is incorrect.
I have invested only upto 40000.
How to proceed with ITR filing, should i show 90000 or 40000.?
14 July 2016
you need to show 40000 and pay the short fall in tax if any
14 July 2016
To the extent of actual Investment made by you must be shown in the return. Any short fall leading to tax liability must be deposited with the Government before filing your return of income.
14 July 2016
Should i intimate to my co. for correction in form 16 &
can i claim other allowances showing in form 16 in my itr.
can i claim other allowances showing in form 16 in my itr.
15 July 2016
You may notify the change to your employer.
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