Poonawalla fincorps
Poonawalla fincorps

FORM 16 V/S FORM 26AS

This query is : Resolved 

25 June 2023 ONE OF MY CLIENTS HAVE LESS INCOME IN FORM 16 BUT IT IS HIGHER IN 26AS, BECAUSE ALL DEDUCTIONS OF LOAN ETC. HAVE BEEN ADJUSTED IN FORM 16 ,, WHICH INCOME SHOULD BE CONSIDERED TO FILE INCOME TAX RETURN?

25 June 2023 Check AIS report & follow it.
In case there is any discrepancy, contact employer for revision.

02 August 2023 WHAT IF I CONSIDER INCOME OF FORM 16 ONLY.


20 August 2023 You should be filling the ITR with the correct actual data regardless of Form 16 or 26AS data. If required please have the corrections done in Form 16 or 26AS, if any



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