Itr2

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Varinder Singh (Querist)
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11 August 2016 I am filing ITR2 .I am a pensioner (retired naval officer) receiving pension from government.Recently out of court order I received compensation from my old employer(joined after retirement from Navy).The compensation amount is clearly referred to as Capital receipt by the high court and have ordered no TDS on this amount and have ordered IT to refund the amount debited by the employer.I am mentioning the compensation amount as exempt income in ITR2.

Kindly inform me should I mention the pension amount as Salary..If yes what should I fill in schedule S of ITR 2.....as Name of the employer ...PAN number...address..since its central government.

Amol S Joglekar

Amol S Joglekar (Expert)
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11 August 2016 you may write the name of DISBUSRSING authority in the space provided for employer.

Varinder Singh

Varinder Singh (Querist)
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11 August 2016 Thanks for the reply sir.
Sir as I mentioned I received compensation via court order in which court clearly stated no TDS as its capital receipt but the company played mischief and debited the tax and shown the amount under salaries head in 26a.The court directed in the order to IT to refund the tax.Now am filling my returns in ITR2.I am trying to mention the compensation amount in Schedule EI ,others in ITR2 but the ITR2 java is giving me error" Income reported in BTI is less than 90% of the income mentioned in TDS1". Since am claiming the compensation back am mentioning only 30% of the income as mentioned in 26a by my old employer.If I mention the full compensation in Schedule S as salary and also similar amount in exempt income its not showing me refund.
Kindly inform me how I can mention the compensation in right way so I can claim the refund via ITR2.

Amol S Joglekar

Amol S Joglekar (Expert)
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11 August 2016 please go one by one.......
01. pension you fill in the sheet named as SALARY....ok?
02. In sheet named TDS fill the compensation under salary.... ok?

I dont think it should give any error ....just try one more time or get back to me...I will explain how to do...ok?

Varinder Singh

Varinder Singh (Querist)
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11 August 2016 Sir I if u can explain how to mention compensation under TDS sheet under salary as you mentioned in you reply.I am not clear how to do this.The compensation and pension amount is already mentioned in TDS sheet with tax deducted.

Amol S Joglekar

Amol S Joglekar (Expert)
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11 August 2016 Ok. Let me try.
Since compensation as well as pension is FILLED in TDS sheet, now what you have to do is FILL pension in SALARY sheet and FILL compensation in EI sheet, item 5 viz others.
This should work.....

Varinder Singh

Varinder Singh (Querist)
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11 August 2016 Sir If I tried as u mntioned in ur last reply but its giving me same error "salary disclosed in BTI is less than 90% of the salary reported in TDS1"

Amol S Joglekar

Amol S Joglekar (Expert)
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11 August 2016 you provide the figures to me, i will send you the same on your e mail id, if you so wish
At my end, i tried various combinations...it is NOT giving any error

Varinder Singh

Varinder Singh (Querist)
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11 August 2016 Pension - Rs. 922937
TDS on Pension in TDS1- Rs.76825
Interest(other income) - 356497
Compensation (mentioned under salary) in TDS1 - Rs.4963545
TDS on compensation in TDS - Rs.1301987

My email id is qmaxfs@gmail.com
Thanks

Amol S Joglekar

Amol S Joglekar (Expert)
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11 August 2016 please check the mailbox and get back for query if any

Varinder Singh

Varinder Singh (Querist)
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11 August 2016 Thanks for the file Sir...but the income tax calculation in excel ITR2 (sent by you) is Rs 129325
and in ITR2 Java version ...online ITR1 its coming Rs 82975.. All 2016-17 AY
ITR2Java and ITR1 giving similar tax liability but excel giving more.
The figure are as below
Pension - Rs. 922937
TDS on Pension in TDS1- Rs.76825
Interest(other income) - 356497
Compensation (mentioned under salary) in TDS1 - Rs.4963545
TDS on compensation in TDS - Rs.1301987
PPF- 150000
Relief under section 89 - Rs.80619

My email id is qmaxfs@gmail.com
Thanks

Amol S Joglekar

Amol S Joglekar (Expert)
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11 August 2016 The sample excel has been given to you through your e mail......
you need to fill the same as per your FIGURES.....
the excel which i gave is only to show you that ERROR message is NOT appearing... It is not the return of income per se....ok?
In the excel, please fill your details by yourself and your return of income will be ready with you.....
For the excel filling, if you need any help, please let me know

Varinder Singh

Varinder Singh (Querist)
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12 August 2016 Thnsk Sir.Now the nest step is generating the xml file and uploading it on the income tax site.If u can let me know the process to generate the xml file and uploading it.

Amol S Joglekar

Amol S Joglekar (Expert)
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12 August 2016 (Hope you have your Log in om the e filing portal.)
01. Validate each and every sheet independently.....any anomaly in the said validation should be cleared
02. Click on "calculate tax" button....( in the sheet named PART A General OR PARTB-TI-TTI)
03. Check the amount of refund as calculated by the said EXCEL and make the appropriate changes where ever required)
04. Click on the button "Generate XML"
05. If the XML is generated signifies that you have entered the data as required by the said EXCEL...(Please note that it generation of XML does NOT warrant the ACCURACY of the data you entered)
06. Save the XML...(While saving...it will show you the path where the said XML is being saved....if you miss to read.....no issues, you can find it out from SEARCH command of your computer)
07.Open the incometaxindiaefiling site/portal
08. Log on to your log in and upload the return.

Amol S Joglekar

Amol S Joglekar (Expert)
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12 August 2016 https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/HowToEfile.pdf?0.46627049184163116

you may follow the above URL for a further guidance OR get back to me

Varinder Singh

Varinder Singh (Querist)
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12 August 2016 Thank you very much for your help Sir.

Amol S Joglekar

Amol S Joglekar (Expert)
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12 August 2016 you are most welcome

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