Error in form 16. loss from hp shown as income?

307 views 4 replies

Sir,

My client has worked in two different organisations in FY-15-16 & so in possession of two different Form 16. In one of the Form 16 in which he has given all the details to his employer, the employer bymistakely enters income from House Property instead of Loss from HP. My question is : -

1) which ITR to file 1 or 2A? Is it necessary to file ITR 2A if salary is from more than one employer.

2) Also how to rectify the error made in Form 16? can i claim loss from HP in my ITR & will there be any problem (even if i have to file itr1)?

Thanks & Regards

Replies (4)
1) you can utilise ITR 1 and basic purpose if itr 1 is salary, number of employers doesn't matter, you can add as many employers you want

use itr 1
2) form 16 should have been rectified earlier jt self, if you want to ask, ask your employer to revise.
he may also advise you ti file return and claim
there is no problem in showing in ITR, file ITR 1 and show loss from house property and file your income tax return

Thanks Srujann ji.. Yes my client did ask his employer to revise the Form 16 but they refused to do so. But now i can file ITR 1 & that too after claiming Loss from HP.

Thanks & Regards.

 

yes you can do so... no problem on it....

Ok.. Thanks sir

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details