sunilkumar (engineer) (116 Points)
17 July 2012Friends,
I need advice/help on the following for AY 2012-13
In my form 16, total tax paid is Rs 20655/- Out of this, tax of Rs 485 was paid by my employer LIC on behalf of employee (me) towards perqusites u/s 17(2). Balance tax of Rs 20170 was paid by me and Rs 20170 only is reflected in 26AS statement.
Since my 26AS statement is not showing the full tax paid ie Rs 20655, is there any problem in future, when I e-file my return now.
Sunil
Nikhil
(Article)
(59 Points)
Replied 18 July 2012
Yes it might get problem in future. You may not be getting Credit of Rs.485/- as it is not reflected in 26AS.
You try to communicate to your employer for why it has not being reflected in 26AS. Reason may like he had mentioned your PAN wrong in TDS return filed etc.
Otherways to file your return on time, you claim full TDS mentioning Proper TAN. You can also Rectify the same in future if Credit of Rs.485/- is not given.
CAclubindia
