I have the following Query from the CA Professionals on this Forum. Kindly advise whether the following sequence is correct. Thanks much in advance...
I worked in an higher education organization from March 2016 to April 2017. I left in April 2017 due to very delayed payment of Salaries. Between April 2016 and March 2017 I was paid by Transfer Deposit into my Bank Account only 46.68% of Salary. After my resignation and waiting there over next 4 months (between April and Aug 2017) I was paid by Transfer or by Official Checks issued by Organization the remaining Salary of 53.32% for April 2016 to March 2017...
But the Organization issued my Form 16 for FY 2016-17/AY 2017-18 showing 100% of Salary as having been paid only in 2016-17. Based on that Form 16 I filed my Tax Return online in Aug 2017 before Filing Deadline and recd a very small refund from Income Tax Dept online. For FY 2017-18/AY 2018-19 that Organization did not issue me any Form 16 although a majority of my Earnings for FY 2016-17 were recd in FY 2017-18...
I learnt later about Form 10E and its Procedure and filed Form 10E by Aug 31, 2018 and received a Transaction ID. Immediately afterward I also filed a Revised Return under Sec 139(5) for FY 2016-17/AY2017-18 along with my Original Return for FY 2017-18/AY 2018-19. I am not employed since April 2017 and hence claimed refund for AY 2016-7/TY 2017-18 based on the Form 10 E. In the filing for FY 2017-18/AY 2018-19 I had not yet shown the bifurcated amount of my salary earnings from FY 2016-17 received in FY 2017-18. I am yet to send the Acknowledgments to CPC for both Revised Return of FY 2016-17/AY 2017-18 and FY 2017-18/AY 2018-19 filed before the deadline August 31, 2018 for FY 2017-18.
Query 1 I also prepared my Revised Return for FY 2017-18/AY 2018-19 based on amount received in FY 2017-18 of the Salary earned in FY 2016-17. Should I upload the Revised Return for FY2017-18/AY 2018-19 online to IT Dept CPC right away? or should I wait for Revised return for FY2016-17/AY 2017-18 to be processed and accepted favourably. I am afraid I would be liable in FY 2017-18 for 52% salary amount of FY 2016-17 received again if my revised return for FY 2016-17 is not accepted. Pl note I already paid entire tax in FY 2016-17 although I recd 52% of that salary in FY 2017-18.
Query 2 After that Should I send the 3 Acknowledgments (for Revised Return of FY 2016-17/AY 2017-18, Original Return of FY 2017-18/AY 2018-19 and Revised Return of FY 2017-18/AY 2018-19) together by Speed Post to CPC. I have 3 more weeks before my 2 Acknowledgments should be sent to CPC.
Query 3 Or should I first send 2 acknowledgments for Revised Return of FY 2016-17/AY 2017-18, Original Return of FY 2017-18/AY 2018-19 . The Organizations should have given my Form16 for 2016-17 and 2017-18 with respective amounts. But they did not. As a result I paid much more tax. Form 10E seemed to provide this Relief to tax payer due to the fault of Organizations by improper fiscal management.
CAclubindia
