EXAMPLE: (omitting unwanted fields for brevity)
My CA has declared the following fields in Schedule S of ITR-2 as:
Salary (Excluding all exempt/ non-exempt allowances, perquisites & profit in lieu of salary as they are shown separately below)
Rs. 10,00,000/-
Value of perquisites (refer Form 16 from employer): Rs. 0/-
Income chargeable under the Head ‘Salaries’: Rs. 10,00,000/-
But the FORM16 PartB mentions the following:
Salary (Excluding all exempt/ non-exempt allowances, perquisites & profit in lieu of salary as they are shown separately below)
Rs. 8,00,000/-
Value of perquisites (refer Form 16 from employer): Rs. 2,00,000/-
Income chargeable under the Head ‘Salaries’: Rs. 10,00,000/-
I confronted my CA with these questions:
Is it okay to report the Form16 information this way in the ITR?
My CA said:
It is fine. I will be there to answer if I-T dept gets back with enquiry.
Effectively the income under 'head salaries' is same. In ITR, we have already included the value of perquisite under salary field.
My questions to this forum:
1) Isn't this field clearly says that EXCLUDE the value of perquisite in this field?
Salary (Excluding all exempt/ non-exempt allowances, perquisites & profit in lieu of salary as they are shown separately below)
2) Am I inviting some trouble by allowing my CA to file the return this way?
If yes, what are my options now to correct it (the return is already filed by my CA)
3) Is my CA correct when he says:
"It is fine. I will be there to answer if I-T dept gets back with enquiry."
CAclubindia
