Form no 16

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2017 Dear Tax Experts

While we preparing Statement of Income and uploading ITR to website which amount we have to consider in form no 16

Part A or Part B

Example: Mr a Form 16 . Part A Transferred 421182 as pension to his account But Part B showing 271000 only

So In this Moment which amount we have to take?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

29 June 2017 are you able to reconcile the difference? please do it

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2017 Sir I'm Calculation Computation of Income from salary . Mr A every monthly receiving pension average Rs 35098 so his total Pension is 421182 But TDS Not deducted, In Part B Salary as per provision contained in sec 17(1) Rs 271182
For computation income which one i have to take? and which one i have to enter in Tax details head in ITR Utility?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

29 June 2017 does that mean that you are NOT able to trace the difference...? ok let it be.....
421182 or so is the amount actually received by the pensioneer,,,,,,,,so put that amount as income and not the one shown by form 16

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2017 Ok Amol S Joglekar Sir thank so much.............

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

29 June 2017 you are most welcome....

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