Salary taxation

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Mr. A Salaried employee earned salay from two different companies during the F.Y.2009-10.

So he got two Form-16, for the F.Y.2009-10.

Due to lack of knowledge he din't submited any proof in order to claim Exemption u/s 10(13A) & Ded u/s 24+80c (Housing loan principal & interest and Rent receipts for HRA.) ***He is eligible for both***

Q. Is it compulsory to ask his employer to revised/correct his Form-16s

OR

a CA or a Tax consultants can recompute his taxable income and file his return.

Replies (4)

yes assess can file his return or revise return to claiming exemption.

the question is

Q. Is it compulsory to ask his employer to revised/correct his Form-16s

OR

a CA or a Tax consultants can recompute his taxable income (CONSIDERING THE CLAIMS U/S 10(13A), U/S 24 & 80C) & file his Tax Returns.

 

CA or a tax consultants can recomputed his tax liability and file revise return if its already filed.

Dear John,

As u asked about filing of return of Income ; - If the person has filed his return u/s 139 timely as prescribed 31st July/30th Sep, then person can file his revise return and gate claim of deduction if he has proof of deduction.

Person may retified his form 16 from his employer or may take written documentry evidence for the same mistake by his accountant.

 

So it is clear the person can file his return if he has the documentry evidence for the same calim and the return must be filed timely.

Regards

Dharmendra Jha   

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