In filing itr1 tax details, income shown less than form 26as
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2017
Hi, my Form 26As shows 4 Lacs, but after my exemptions, say it will be 3.5 lac, I have mentioned in 3.5 lac in Tax details. Will I get any notice if there is mismatch of income shown in Form 26 AS & Tax details provided by me.?
Should I revise the return1
Should I revise the return1
K Srinivas, CMA CS
(Expert)
22 July 2017
While filling your ITR, you need to mention the gross income before any deduction should be at least equal to the income shown in 26AS.
The net taxable income will be arrived from the gross income reduced by deductions.
So if you have mentioned the gross income properly that is equal or more than the income reported in 26AS, no need to worry
The net taxable income will be arrived from the gross income reduced by deductions.
So if you have mentioned the gross income properly that is equal or more than the income reported in 26AS, no need to worry
22 July 2017
Yes I agreed to Mr. K Srinivas Sir.
You can show your income of before excempt value and also shown excempt details in ITR then you can get your actual values.....
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