Itr-1 income tax

Hi Anu,

Are HRA, convyeance allowance exemptions, 80C deductions appearing in your Form 16? If yes, nothing to worry- It is commonly faced error message which will not invalidate your return.

If Form 16 is not showing these exemptions/ deductions, but you are (rightfully) claiming these in ITR, keep the relevant documents ready as the department may seek out explanation for the differences between your Form 16 and the ITR. Also note that, if any exemptions/ deductions do not appear in Form 16 it does not mean you cannot claim the same in your ITR. You can always claim a rightful deduction/ exemption irrespective of the fact that it appears or not in your Form 16.

I assume your salary has components of HRA and Conveyance Allowance against which you are claiming these. FYI- you can't claim HRA and other deductions/ exemptions if they are not components of your salary package.

Hope the above clarifies.

Regards,

CA Hariprasad Nayak

9481227467

Thanks Hariprasad.

My employer has incorrect HRA deatils which I declared on month of April but actualty I  paid different amount.

Thanks again :)

Anu Verma 9468336142

Hi Harprasad,

I have salary income, Bank Interest and Business Income what form to be fille.

I think two forms should be file ITR- 1 for salary and ITR- 4 for Business income and bank interest.please correct if I am wrong.

Thanks

Hi Anu,

You will have to file only ONE return for AY 2017-18, in Form ITR-3 (renumbered as ITR 3 from earlier ITR-4).

Hope the above helped.

Regards,

CA Hariprasad Nayak

Thank you so much Hariprasad Ji.