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Mismatch of income chargeable under head of salary in 26as & form 16

16 June 2018

Respected Members,

My brother working in Pvt Ltd co. have received Form-16. Now while going to file ITR-1 for A.Y. 2018-19 there is mismatch between 26AS & Form-16 "Income chargeable under Salaries", i.e. in 26AS it is Rs. 1118600 but in Form-16 it is Rs. 1085426 i.e. Rs. 33174 of Allowance to the extent exempt under section 10 has been added in 26AS.

Now if we capture Rs. 1085426 in "Salary (Excluding all exempt/ non-exempt allowances, perquisites & profit in lieu of salary as they are shown separately below)" in ITR 1 he will get notice of mismatch between ITR & 26AS.

And ITR 2 having option to show the break up under column 7 for section 10.

So kindly guide suitable option to file ITR to avoid any notices from IT Deptt.

Thanks a lot in Advance for your valuable suggestions.

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2 Replies

Debiprasad Jana (295 Points)
Replied 17 June 2018

Go to ITR 1 form
in the box salary put 1085426
below you will see break up box like profit in lue of salary, allowance...its total should be 33174

then fill house rent if have any or if u take loan put the interest in minus figure.

capital gain if u have any

in the box of other source put savings bank interest, fd intrst if u have, rd interest i f u have, kvp, etc

in 80 c ppf lic, home loan principal amount, tuition fees of child
80 d mediclaim

80tta savings bank interest up to 10000
den file it

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176768 Points)
Replied 17 June 2018

As suggested by you. ITR 2 can be filed, no restriction.

If ITR 1 is files, and notice u/s. 143(1)A is received, it can be replied with the same details as shown in ITR2, which is duly accepted and ITR gets processed. so, no need to worry even for filing ITR1, when cause is genuine. Moreover, the notice is issued, only when the mismatch is more than 10%.