if i m getting 2 form 16 from different companies.
from previous one no tds was deducted
so can i skip while filing my itr (not showing previous salary in my return)
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itr form 16
Replies (3)
No, You can't skip, you have to show both companies salary.
if. i skip the one what will be the consequences
- If the income assessed/ re-assessed exceeds the income declared by the assessee, or in cases where return has not been filed and income exceeds the basic exemption limit, penalty at 50% of tax payable on such under reported income shall be levied.
- 200% of the tax is payable if under-reporting results from misreporting of income
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