Return filing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 February 2013 I have query regarding filing of ITR for Assessment year 2011-12

form 16 reads like this:

11. Total Taxable Income- 183,987
12. Tax on Total Income- 2399
15. Total Tax payable - 2471
(including sur & ECess)

now when i went to a Tax Consultant he filed ITR like this

3. Total Income- 183,987
4. Net Tax Payable- 780
7e. Total tax paid- 2471
9. Refund- 1691

now as per my knowledge the tax calculation given as per FORM 16 is correct but then how Consultant has shown less tax and hence Refund.

I just want to know is it correct ? i have already discounted the obvious sections like 80C and the calculation is given next to that.

Many of us already got the refund as claimed in ITR by that consultant.

thanks in advance and appreciate ur views

Taxguy

Taxguy (Expert)
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22 February 2013 That may be wrong advice by the consultant, in case you are called for scrutiny, then there can be consequences of revocation of the refund and there can be 271 penalty.

Guest

Guest (Expert)

22 February 2013 yes.........

there may be a mistake of tax consultant in calculation of taxable income......

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Querist : Anonymous

Querist : Anonymous (Querist)

23 February 2013 thanks for the reply experts...but in this case he has made it sure that the assesses receives his REFUND from d department>>>>

can it happen that he is making mistake intentionally and using his source to get the refund.

sud i go for IT return by him or not..

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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24 February 2013 If a person is having a daring to cheat the one of the most powerful Departments of Govt. of India, he will not spare any chance
to make his clients fool on an appropriate occasion.
.
Before such auspicious ( rather suspicious) occasion comes, by thanking the god for the past, you should definitely cut the professional relationship with him.
.
If he is having a great influence over you, you can say- " ABhi to cousin hi Return File Kar Deta hey.".
.

Querist : Anonymous

Querist : Anonymous (Querist)

24 February 2013 Thanks a tone Paras Sir...
I my self is a finance literate but working in Technicals so was worried as if there is anything which i havnt learned....

vl try to convince my colleagues not to go ahead with him...

thanks again