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Filing It Return

12 September 2020

i received 15000/- PM as salary in FY 2019-20 in form of cash,
can i show my salary as 29,000/-PM while filling IT return "Form 1"

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7 Replies

riya shah (93 Points)
Replied 12 September 2020

I guess that will depend upon form 16
whatever is your gross salary there , you'll have to show

1 Like

Mahesh Kumar (45 Points)
Replied 12 September 2020

No tds deduction in my company

ATUL Y (574 Points)
Replied 12 September 2020

Although it is wrong to show what you get and not showing properly in your ITR, still you can show your salary 25k per month as your income is much less than that which is not liable to tax.
Again I am saying it is wrong.

Mahesh Kumar (45 Points)
Replied 12 September 2020

But under section 87 there is rebate isn't it

Pankhuri Agrawal (Chartered Accountant) (412 Points)
Replied 12 September 2020

yes you can avail rebate under 87 in this case

1 Like

G Sharath Kumar (56 Points)
Replied 13 September 2020

You can show (at your own risk)
as per law it is offence

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 13 September 2020

Legally, you can't do that....

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