For last 5 financial years CPC while processing our ITR2 was looking at Income Under the Head Salaries of Form 16 to be entered in Line 1. i.e. income from Form 16 after getting exemptions of conveyance and employment tax.
But AY 2017-18 CPC ITR is trying to match gross total income from 26AS with TTI on ITR2 without understanding what exemptions and deductions are applied from Form 16. This creates a loss of Rs 21700 to taxpayer.
Hence please help me :
i) which line of Schedule SALARY ITR2 to enter Gross Total Income from Form 16
ii) which line of Schedule SALARY ITR2 to enter Tax on Employment Form 16
iii) which line of Schedule SALARY ITR2 to enter Conveyance Allowance from Form 16
Thank you,
CAclubindia
