Hi
Most form 16 issued by companies do not have a break-up of salary u/s 17(1) - Basic / HRA etc, whereas new ITR asks for the break-up. How to resolve this and fill details in the ITR.
Hi
Most form 16 issued by companies do not have a break-up of salary u/s 17(1) - Basic / HRA etc, whereas new ITR asks for the break-up. How to resolve this and fill details in the ITR.
Part B has been given. But it has break up for only perquisites and profit in lieu of salary.. Not for Sec 17(1). Any other option we have?
As per new rules, employers are required to issue the Form16 to employees in the new format that the department asked them to issue. For achieving this change, this year companies and employers got time upto 10 July 2019 instead of 31 May 2019. Hence, employers must provide the breakup of allowances paid in the Salary component.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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