FORM 16
This query is : Resolved
27 January 2010
THERE IS A DIFFERENCE IN MY INVESTMENT SOURCES U/S 80 AND MY FORM 16.
IS IT COMPULSORY THAT I HAVE TO INVEST ONLY IN THAT WAY AS IT IS MENTIONED IN FORM 16 OR THE OTHER VALID SOURCES ARE OK FOR THIS?
IS IT COMPULSORY THAT I HAVE TO INVEST ONLY IN THAT WAY AS IT IS MENTIONED IN FORM 16 OR THE OTHER VALID SOURCES ARE OK FOR THIS?
27 January 2010
you can choose your own way to invest to save maximum tax.
27 January 2010
Form 16 and Income Tax return is differ. Investment in return can be higher then Form 16 but not lower. Because for Form 16 you should submit proof of investment to employer. So in practical Form 16 investment can be lower than income tax return.
27 January 2010
You can pay the different tax directly and file the return correctly
28 January 2010
Form16 is not your Income tax return. It is just a certificate of your tax deducted from salary. you have to self assess your income tax and take only the TDS figure from your form 16 & file return.
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