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Some doubts on income tax return itr

priyank bhatnagar (engineer) (38 Points)

14 May 2012

Dear Sir,

In Last Financial year i.e.2011-2012 , I changed company , now both the companies decline to issue me form 16, they said you are not in taxable income. I got approx. 1.5 Lakh from both of them.

Now, presently I have to take home loan and for this they want form 16/ ITR ?

What can i do?

can i submit ITR without form 16?

In ITR Form, where is House rent exemption? (It comes in which section)

If i file ITR without form 16 then I have to write Employer name & TAN in form or not?

What is the last date of filling ITR?

How much penalty took on paying income tax for AY 2012-13?

Can I also fill nil ITR for AY 2011-12 now(May 2012)? , if yes how much penalty took on late filing? if some tax have to payable for AY 2011-12 then what is the late penalty?

Very much thankfulif anyone answers..

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7 Replies

prateek aanchalia (CA) (859 Points)
Replied 14 May 2012

1. on ur salary income both company not deduct TDS. so they are not able to give u form 16 ( because that form generate form income tax site if they file ur name in TDS return but they not do so they not able to issue it)

so u take salary certificate form both the co. for the period u work there on co. letter head. u also take PAN of both co.

on the basis of salary certificate u submit ur ITR (without form 16). and u require to provide detail of ur co. detail along with address and PAN and period for u work there.

FY 11-12( AY 12-13) last date of filing ITR is 31-07-12 (as per section 139 (1). u not require to pay any penalty on ur income. u just reqiure to pay tax on ur total income before filing ur ITR.

u also able to file ur AY11-12 ITR. but u know that ur income is not more than basic exemption limit (i.e 160000) than u not liable for any penalty..

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priyank bhatnagar (engineer) (38 Points)
Replied 15 May 2012

Thanks for reply and i satisfy with your answer.

But Still these questions un-answered?

In ITR Form, where is House rent exemption column? (It comes in which section), How to get HRA exemption? Is any other form is be attached with ITR-1?

if some tax have to payable for AY 2011-12 then what is the late penalty for depositing tax and filling ITR in this month (May-2012)?

Janak (Chartered Accountant ) (98 Points)
Replied 15 May 2012

In Form No. ITR - 1, there is no column like HR Allowance.

Further House Rent Allowance is taxable allowance except that of exempt U/s. 10(13A). It shall be added to your salary that you have to show in ITR - 1 as Income from Salary/ Pension i.e. gross ammount you have to show.

If you have a taxable income for AY2011-12 and if return of income is not yet filed, Sec. 271F may get attacted. penalty under this section is Rs.5000/-

Further Interest may be attacted under section 234A, 234B, 234C, if applicable.

Due date for filing belated return for A.Y.2011-12 is 31.03.2013

1 Like

priyank bhatnagar (engineer) (38 Points)
Replied 15 May 2012

Dear Sir,

Actually, I missed to deposit tax for financial year 2011-12 and now i want to pay tax and fill ITR.
My total Taxable Income was Rs.230800 without standard deduction.
Kindly calculate and reply me how much tax is to be paid with fine or penalty?
if fine/penalty is to be paid then any other form is to be attached or not?

what is the complete procedure to pay tax & file ITR by online ( I means to which form i have to be fill)

Janak (Chartered Accountant ) (98 Points)
Replied 15 May 2012

Well dear,

If you are salaried person then you can download ITR - 1 excel verson from "www.incometaxindiaefiling.gov.in" and follow the instruction given in it.

For the income as said by you of Rs. 230800/- tax payable would be Rs.5232/- Approx for the AY 2012-13, person being individual age not more than 65.

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S D Gurunatha Rao (Manager (Accounts)) (24 Points)
Replied 26 July 2013

I have recd interest & tds amounts on my FD (41897 + 4190) for the year 2012-13. My salary is Rs.2,64,000/- (gross) Net of Rs.2,52,000/- (after ded pf & pt) and also I have paid lic & icici ins. policies of Rs.25,000/- p.a.. My doubt is interest amount, where to add in ITR column

Pls guide to the above.