HRA exemption
Siva Raj (358 Points)
03 March 2021
Dear Sir, HRA exemption ommitted in form-16 issued by the company, whether we can avail exemption while filing of ITR-1 or not.
7 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 03 March 2021
Yes you can avail but please ask your employer to include HRA in form 16
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 04 March 2021
Then ask your employer to include hra and issue a new form 16
Kapadia Pravin
(17259 Points)
Replied 04 March 2021
Request your employer to issue modified Form 16 to you. Employer will issue otherwise he will face short TDS deduction query.
Naveen
(student)
(334 Points)
Replied 04 March 2021
Hii Kapadia Pravin. Plse correct me if I am wrong.
I think the issue here is HRA exemption is allowed or omited in Employer issued Form 16 to the Employee. If HRA exemption is omited, then taxable salary will increase and TDS deductible on such increased salary will also increase and automatically that Employer would deduct high TDS. So there is no question of short TDS deduction here and obviously he deducted more TDS than he is required to
I think the issue here is HRA exemption is allowed or omited in Employer issued Form 16 to the Employee. If HRA exemption is omited, then taxable salary will increase and TDS deductible on such increased salary will also increase and automatically that Employer would deduct high TDS. So there is no question of short TDS deduction here and obviously he deducted more TDS than he is required to
Siva Raj
(358 Points)
Replied 04 March 2021
Naveen Sir you are absolutely correct. it pertains to A.y.2019-20
Naveen
(student)
(334 Points)
Replied 04 March 2021
Thanks bro. But if it pertains to AY 2019-20 we can't revise the return and claim HRA now as the last date was 30th Nov 2020. We can only revise for AY 2019-20 if we receive some intimation from the IT department. I'm sorry. Now We can only revise if it relates to AY 2020-21
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