Service
86 Points
Joined April 2020
Dear Friends, after scrutinizing my returns again I could see 2 differences
1) In my original return, the IT dept had not considered the standard deduction of 40k under section 16(a). This is available in Form non 16 as standard. When I filled in the revised return, the standard deduction reflected in the 16(a) section.Could this make a difference in the computer comparison? This anyway should have been computed by the IT dept itself isn't?
2) Under income from other sources, I had removed the interest amount I received for one of my RD maturity. This is around 52k. I removed it because anyway the TDS was deducted by the bank itself before the maturity payment. Would this be a reason of concern?
Experts on this forum, please advice. I have already selected Option 1
Thank you