Wrong salary figures in form 16 a

TDS 4128 views 5 replies

Kumar

Consultant

24 Points Joined June 2014

In the form 16 A sent by my employer, salary shown was Rs.1 lakh higher than what was paid to me and the tax deducted was Rs.20,000 more. They mistakenly added to salary a hike amount for which I was not eligible and was not paid. Accountant acknowledges the mistake but says he cannot get revised Form 16 A now since due date for getting revised Form 16 was already over on 31-May-2014. For filing my returns, he is giving conflicting answers like I can proceed with filing giving only the actual salary amount paid and IT dept will be providing refund for excess tax. Can anyone tell what he says is true? If not, what are the steps I need to take to get refund for the excess tax deducted?. Thanks

Replies (5)

Mihir

Wealth Manager

5293 Points Joined December 2008

It is their mistake. They should revise the return. They can still file revised return after paying nominal fee.

Yes, the second option is that you file your ITR and claim refund of excess TDS paid.

NILA REJESH P

Chartered Accountant

815 Points Joined October 2009

They must revise return.Urge them to revise return.

CA Suryakant Dubey

931 Points Joined December 2010

insist them to revise the return...or don't consider 1 lakh in Your ITR since it is notional receipt, not actual and claim deduction of excess 20000...U will get refund :)

CA Ramsai N

Fresher

594 Points Joined October 2011

Revised should be filled. Though you filled ITR with original figures, but some point of time you will get notice from IT as ITR does not match with Form 16A.

So better ask revised Form 16A, it can be made at any time. Its possible to give revised form 16A for revised return - no due date.

Kundalini ghosh

Student

40 Points Joined October 2014

Hi,

Sir my client is a regular salary return filer. AY 2013-14 he has an issue in which when he filed his return of FY 2012-13 he had claimed an unknown TDS shown in 26AS on his tax exempted salary.

Now he got his intimation 143-1 with all TDS amount as a refund which is also deposited to his bank a/c.Unfortunately after all this he received a notice us-143-2 that he has to appear to Dy commissioner within a week.

Now my question is what kind of penalties he has to bear because revision time is also barried and how can he justified his side to obtain waved of penalty.

please do reply.