Error in Form 16

HI,

My Form 16 given by my employeer has a deduction of X amount towards a loan which I have not availed, Due to which the total tax to be paid is wrong, If I ignore this and file my IT return will it be an issue later? please advise.

Replies (4)

It is better for both to make correction in form 16

Originally posted by : Terence
HI,
My Form 16 given by my employeer has a deduction of X amount towards a loan which I have not availed, Due to which the total tax to be paid is wrong, If I ignore this and file my IT return will it be an issue later? please advise.

Get the Form 16 Rectified, it is better for both

Hay  Terence the same thing  happened with one of my friend, i personally went to the department and shown the Form 16 issued by the employer, then he told me to make correct computation and file the return accordingly and if any scrutny comes then you have to submit the required details, please refer Poing B1 instructions to fill Sahaj.

tell your company to file revised TDS return & issue you correct form 16 downloaded form nsdl website..

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