Tax Consultation (US and India)
2970 Points
Joined September 2011
I'll again insist to go as per the actual computation.
The income received/receivable is after the income and ascertain how much tax has actually been deducted and then go as per that. Forms can be revised, they do not determine the income. The income is computed as per the provisions of the Act and so is the amount of TDS. Do not let what's mentioned in the form over-ride the Income Tax Act.
In my mother's 26AS, there is the mention of an income of around 10 Lakhs which does not belong to her. While filing the return I did not consider that 10 Lakh as the income and filed the return as per the provisions of the Act and filed an application to the AO disclaiming such income.
I re-iterate, comply with the Act, not just the form.