Return

This query is : Resolved

seeta (Querist)
Follow

28 August 2015 Mr X has received salary as below:

(i) ABC----Rs.130000.00 from April to june'14 and abc not deduct the tds on it as below taxable limit.

(ii) XYZ Pvt Ltd----Rs.700000.00 from Jul to mar'15 on which tds deducted by employer and show in 26AS (also giving HRA and other allowance)

Sir my question which ITR i have to file ITR-1 or 2.

Rply on very very urgent

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

28 August 2015 You can file ITR1. Show Salary income from both employer under the head Income from salary after all deduction like, P.Tax, HRA Exemption, Transport allowance deduction etc.

seeta

seeta (Querist)
Follow

28 August 2015 In TDS detail only 1 employer detail mention

I am filing return through Income tax form available in on income tax site.

and in form their is no option to show employer name.

I will pay the tax on salary form 1st employer and file the return.

Is it ok. Kindly rply on urgent

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

28 August 2015 Not correct. You need to include the salary received from other employer even though no details mentioned in 26AS. In ITR1 there is no place to show employer details. You need to put the total salary received from both the employer as stated in my above reply.

seeta

seeta (Querist)
Follow

29 August 2015 In my case if mr x not file return on or before due date 31-8-15 and having tax liabiliy of rs.30000.00 . and file in sept what will happen in this case.

Kindly reply on urgent?

Amount of interest&penalty

seeta

seeta (Querist)
Follow

29 August 2015 In my case if mr x not file return on or before due date 31-8-15 and having tax liabiliy of rs.30000.00 . and file in sept what will happen in this case

. Kindly reply on urgent? Amount of interest&penalty

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

29 August 2015 You will have to pay interest u/s 234A. Also belated return can not be revised. So advisable to file on or before 31.08.2015.

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