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Income credited late in april

Tax queries 221 views 8 replies

I am e-filling return for AI 2016-2017 (Means 2015-2016).

Due to some reason with my company my Salaries from Nov'15 to March'16 credited in my bank account on 7 April 2016 togeather. 

So my question is that Can I include this salaries in current return (AI 2016-2017) ?

If yes then how I can add this? Have I need to do total of income and add it in return file ?

Thanks in advance.

Replies (8)

"So my question is that Can I include this salaries in current return (AI 2016-2017) ?"

Check Form 16 and 26AS and file as per those figures.

Hi Dhirajsir,

Thanks for quick reply.

But actually my company is still fresh and still not documented well, so it's still not deducting TDS and I have to take care of it. So I haven't any Form 16 or 26S as now. I have just Bank entries, nothing else.

In this case what I have to do ?

Get salary certificate from the Fresher company (the Way you Like, with their adjustment) and proceed.

Check also amount of interest you may have to pay u/s. 234A, for late payment of taxes.

Ok Sir, I can ask for it to my company. But my question is that is it possible to add April's bank entry in current return file ?

Not any problem. we usually take march salary as unpaid; you can take that from Nov 2015. Salary PENDING (Dr.)

Ok sir, it's really glad me, Thanks for this help.

One more question that in E filling, I have to just add total of all salaries income so there are no any way to mark "Salary Pending(Dr.)"

So how I can manage that?

In ITR  its only one figure of total salary (received+receivable) (Based on your Salary Certificate)

Ok great, Thanks sir. Now I am clear all things. :)


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