Itr with two from 16

ITR 228 views 6 replies

Mid of the financial year (2015-2016) I joined a new company. Then after few months I submitted Form 12B from my previous company to current one. Based on the From 12B my current company calculates the income tax. Now at the end of the financial year I got a Form 16 from my current company which reflects all the income tax for 2015-2016 including the income from my previous company. But I have received another Form 16 from my previous company. While filling ITR what should I do ? Should I use both of them or only the current one (As it shows cumulative details) ? 

Replies (6)

use the one having cumulative detail

Thanks Shubham. But the FORM 16 of the current company which reflects cumulative details does not have any info on the TDS deducted by the previous company (though in Part B of the Form 16 has all the details). Is it ok to upload the current Form 16 with out the TDS details of the previous company ?

Form 16 is used to fill out details in return.It is not uploaded.

For TDS it will automaticly pull information and If NOT taken, then you can feed TDS information automaticly.

 

If you need help , can contact (We are providing free ITR filing for salaried people)

scag.advisors.ca @ gmail.com

Hi Shubham,

As you advised I have uploaded only the cumulative form 16 from my current compnay while filling ITR. Now I have received an intimation from th IT deptartment with mismatch in Tax Payble and TDS submitted. Then I carefully checked my Form 16 and I see one interesting point there, the Tax Payble in part B is different from the Tax Deposited section in the TDS certificate. The tax I paid in my previous company is not mentioned in the TDS certificate and (exatcly IT dept pointed out this mismatch amount) I have few questions here - 

1. Is it the duty of the current comany to mention the amount of tax deducted by the previous company in their final form 16 also?

2. Or this is happening only because I did some mistake while filling up the ITR ?

What should I do now?   Whats the standard procedure to follow ?

Advabce tahnks for your support.

Thanks,

Tanmoy Pal

 

 

 

it is not the responsibilty of your current company to mention the amount of tax deducted by the previous company in their form 16.

 

it is fault on your end, 

you can simply Revise your return, and for correct information regarding your income and TDS deducted you can use Form 26AS.

or ask for help from some professional.

Please go through this link where I have answered a question on two form 16s issued due to change in employment. Hopefully it will help. 

https://www.quora.com/I-have-not-paid-the-income-tax-of-financial-year-2014-15-How-to-pay-the-tax-Read-the-descripttion

In case you need any further assistance, please feel free to get in touch at aditi.bhardwaj @ gmail.com

Regards 

CA Aditi Bhardwaj

 

 


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