Wrong value in form 16
This query is : Resolved
13 August 2014
Dear expert,
my employer has given me FORM 16, in which under PART B, in 1 (d) he has shown the income which is far more than the total amount in payslips before deduction.
now while filing which amount i should consider? the amount shown in FORM 16 or actual income received by me?
Please clarify me.
Thank you
my employer has given me FORM 16, in which under PART B, in 1 (d) he has shown the income which is far more than the total amount in payslips before deduction.
now while filing which amount i should consider? the amount shown in FORM 16 or actual income received by me?
Please clarify me.
Thank you
13 August 2014
you should ask the employer to correct the figure. If there is difference between salary reported by employer and salary shown by you, you may be on trouble.
13 August 2014
you should ask the employer to correct the figure. If there is difference between salary reported by employer and salary shown by you, you may be on trouble.
13 August 2014
pls check if you have doubt then you can contact to your company related deptt. and then you can file the return according to part -B of form 16.
13 August 2014
Thanks rupesh and umesh,
i contacted them, but they are saying that it is on accrual basis. They say that it is not necessary that the value shown in FORM 16 before tax deduction will be same as the amount (after tax deduction) credited to my bank account.
In simple terms, i have received salary for 6 months, but they are showing that they have credited salary on accrual basis for 8 months and deposited tax accordingly.
So, i have paid excess tax for the amount which i have not received actually.
Kindly help me
i contacted them, but they are saying that it is on accrual basis. They say that it is not necessary that the value shown in FORM 16 before tax deduction will be same as the amount (after tax deduction) credited to my bank account.
In simple terms, i have received salary for 6 months, but they are showing that they have credited salary on accrual basis for 8 months and deposited tax accordingly.
So, i have paid excess tax for the amount which i have not received actually.
Kindly help me
13 August 2014
The amount credited to bank and salary accrued never be the same. But, total salary earned by you during the year should be shown in form 16
13 August 2014
The amount credited to bank and salary accrued never be the same. But, total salary earned by you during the year should be shown in form 16
13 August 2014
Yes umesh, i totally agree with, but they are saying that they will give like that only, asked me to file in which ever way i want
13 August 2014
If so, theb there is no option available
13 August 2014
If so, theb there is no option available
Message likes :
1 times
13 August 2014
@Umesh, I can only show the salary which actually received by me while filing returns, right? i need not give the exact value as in FORM 16, right?
I want to file the returns with the amount which actually i got, but not with the value what they have shown. Can I do this? if so, this will reduce my tax amount and i can get back that refund.
I want to file the returns with the amount which actually i got, but not with the value what they have shown. Can I do this? if so, this will reduce my tax amount and i can get back that refund.
13 August 2014
Yes you can file the actual salary earned by you (not actual received by you at bank).
Do you have appointment letters/offer letters to justify your claim that you have only worked for 6 months not 8 months.
In that case also, your company will not cooperate in case there is scrutiny against you.
Do you have appointment letters/offer letters to justify your claim that you have only worked for 6 months not 8 months.
In that case also, your company will not cooperate in case there is scrutiny against you.
13 August 2014
Yes you can file the actual salary earned by you (not actual received by you at bank).
Do you have appointment letters/offer letters to justify your claim that you have only worked for 6 months not 8 months.
In that case also, your company will not cooperate in case there is scrutiny against you.
Do you have appointment letters/offer letters to justify your claim that you have only worked for 6 months not 8 months.
In that case also, your company will not cooperate in case there is scrutiny against you.
13 August 2014
if the amount is not substantial, then I personally (not professionally) suggest you to forgo the refund as scrutiny of case, some taxpayers, thinks very intimidating.
13 August 2014
if the amount is not substantial, then I personally (not professionally) suggest you to forgo the refund as scrutiny of case, some taxpayers, thinks very intimidating.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- TDS related Query_Liquidated Damages
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- What is provisional receipt number for generation of form 16A
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
