Filing of IT return for FY 2021-22

Save Share

This query is : Resolved

Quick Summary

This discussion addresses how to file an Income Tax return for FY 2021-22 when an individual has salary income from a company that has not remitted TDS, alongside other income. The advice suggests filing the return with the declared income and TDS, even if not reflected in Form 26AS. While a refund might not be immediate due to the employer's non-compliance, filing correctly is crucial for future claims and tax liability assessment.

Sanjay Keskar

Sanjay Keskar (Querist)

26 July 2022 Dear Sir, I have salary income from one Bangalore based company from Apr-21 to Sep-21. They had TDS of Rs. 12000/- from my salary. But not remitted to IT dept yet. Income as well as TDS is not seen in 26AS. That company is now in under bankruptcy process & don't know when remit it.
Secondly, From Oct-21 to Mar-22, I have income from of technical visit fees etc... (approx. Rs. 2.25 lac). Now deadline for filing IT return is near. Kindly guide me how I can file IT return.
Thanks & regards - Sanjay

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

26 July 2022 What is your salary for 6 months.
Reduce TDS amount from the salary and file ITR and pay taxes.

Sanjay Keskar

Sanjay Keskar (Querist)

26 July 2022 Sir, Salary for 6 months from that company is 4.0 lac. In next 6 months income as explained above is Rs. 2.25 lac. Taking into account standard deduction, HRA, savings u/s 80C (Rs. 150000) & 80D (Rs. 16000). I need to claim refund hence need guidance. How can I file return and claim refund? Please guide.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

27 July 2022 Forget about TDS treat it as salary not received as the company is in bankruptcy nothing can be done.

CA Puja Sharma

CA Puja Sharma (Expert)

27 July 2022 You won't be able to get any TDS refund because the company has not filed its TDS return.

File your ITR with income and TDS claim.

Since your total income will be less than Rs. 5 Lacs, you will not be required to pay any tax. However, you will not get your refund till the time your employer files the TDS return.

Message likes : 1 times

Sanjay Keskar

Sanjay Keskar (Querist)

27 July 2022 Thanks for guidance to both of you!

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