Form 16
This query is : Resolved
16 October 2014
Dear Experts
My friend had worked in a company for just 1.5 months at the pay of Rs 1lacs per month which comes out as Rs 1.5 lacs.
Now he has got the Form 16 from the company.
In Part A of Form 16, salary is shown as Rs 2Lacs and in Part B of Form 16, Salary is shown as Rs 1.5Lacs.
He has not filled his ITR yet because of this issue.
Is Form 16 valid?? will it create any problem while filling ITR..?? Are there any chances that his case came to the notice if department.??? His company has denied to revise its TDS Return...
Please help...thanks
My friend had worked in a company for just 1.5 months at the pay of Rs 1lacs per month which comes out as Rs 1.5 lacs.
Now he has got the Form 16 from the company.
In Part A of Form 16, salary is shown as Rs 2Lacs and in Part B of Form 16, Salary is shown as Rs 1.5Lacs.
He has not filled his ITR yet because of this issue.
Is Form 16 valid?? will it create any problem while filling ITR..?? Are there any chances that his case came to the notice if department.??? His company has denied to revise its TDS Return...
Please help...thanks
16 October 2014
Part A of Form 16 is generated from TRACES will not create any problem in filing ITR.
16 October 2014
Thanks for quick reply sir...
But since Part B is not matched from Part A of Form...can that create any problem...???
Also he has not got the said salary from the company...company has forfeited the salary...he will not show this salary in his income
But since Part B is not matched from Part A of Form...can that create any problem...???
Also he has not got the said salary from the company...company has forfeited the salary...he will not show this salary in his income
16 October 2014
Let him not show any salary not got by him proof is part B. File return as per income shown in part B claim tds as per part A. Not a problem.
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17 October 2014
There should not be any mismatch in TDS. The income will be taken as per return filed by you.
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