FORM 16
This query is : Resolved
27 January 2010
THERE IS A DIFFERENCE IN MY INVESTMENT SOURCES U/S 80 AND MY FORM 16.
IS IT COMPULSORY THAT I HAVE TO INVEST ONLY IN THAT WAY AS IT IS MENTIONED IN FORM 16 OR THE OTHER VALID SOURCES ARE OK FOR THIS?
IS IT COMPULSORY THAT I HAVE TO INVEST ONLY IN THAT WAY AS IT IS MENTIONED IN FORM 16 OR THE OTHER VALID SOURCES ARE OK FOR THIS?
27 January 2010
you can choose your own way to invest to save maximum tax.
27 January 2010
Form 16 and Income Tax return is differ. Investment in return can be higher then Form 16 but not lower. Because for Form 16 you should submit proof of investment to employer. So in practical Form 16 investment can be lower than income tax return.
27 January 2010
You can pay the different tax directly and file the return correctly
28 January 2010
Form16 is not your Income tax return. It is just a certificate of your tax deducted from salary. you have to self assess your income tax and take only the TDS figure from your form 16 & file return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
