I am facing another problem . While filling an IT return i have taken pension u/s 17(1) one rupee more than pension given in form 16 by mistake . I have taken my pension as 349235 in Itr but given in form 16 as 349234 . In tds details I have given pension amount as 349234 and tds is 0 . After filling of return there is no tax credit mismatch that I can ensure . Taxpayer is eligible for refund .My only question is wheather that excess one rupee given by me as salary u/s 17(1) in the ITR will be a reason for an IT notice u/s 143(1)(a) or it will be proceessed smoothly ? Some of my friends are telling that upto 100 rupees variance is acceptable . I am confused . Please help me .
CAclubindia
