Due to delay in producing the rent receipts by A, employer deducted the necessary tax and issued Form 16, where there is no HRA deduction.
Query
Whether A can claim the actual rent paid of Rs.6000/- p.m. by his own computation and file the Income Tax Return ?
Ans : .................
By doing so, will there be any disallowances by Assessing Officer due to mismatch of Form 16 (Salary) and the Income Tax Return. (A has actually paid and is able to produce the rent receipts / a letter from the House Owner confirming the rent received by him. All payments are through NEFT only)
Ans : .................
Experts may speak out from their real experiences. Thanks for all.
26 July 2010
Form 16 is only a internal document between employer & employee. Figures of form 16 & that of actual ITR can vary.
I have seen many instances where form 16 has been issued based on fewer amt of 80C rebate, whereas the employee has actually done investments under 80C for more amount.
This can always be altered in the ITR. The only figure which can't be changed is the Tax deducted at source.
26 July 2010
AGREED, YOU CAN CLAIM ANY DEDUCTION IN HIS ITR WHETHER IT IS SHOWN IN FORM 16 OR NOT. JUST LIKE DEDUCTION FOR 80G WHICH IS NOT CONSIDERED BY EMPLOYEE FOR TAX DEDCUTION, YOU CAN CLAIM IT. AND ANY OTHER DEDCUTION WHICH YOU NEED TO CLIAM, BUT YOU HAVE NOT CLAIMED IN FORM 16, YOU CAN CLAIM IT IN ITS ITR.
CAclubindia
