Income and deductions claimed in ITR should also match with form 16 issued by the employer or Form 16A. issued by deductor, apart from TDS amount
Hitherto, normally while processing income tax return of an assessee under summary assessment u/s 143(1)(a), the focus of the Income Tax Department was on matching the amount of Tax Deducted at Source (TDS ) with the claim of TDS as per TDS credit as appearing in Online Form 26AS.
The assessee, particulalry the salaried one, too would ensure that his/her TDS is correctly reflected in the Form 26AS.
However, as per the advisory flashed by the Income Tax Department (ITD), the tax payers who are in the process of filing income tax returns for the Assessment Year 2017-18 (Financial Year 2016-17 ) have been cautioned.
Income and deductions claimed in ITR should also match with form 16
As per the advisory the ITD has asked all the assessees should also ensure that the details of the amount of salary, and various deductions claimed in the return of income matches with the corrosponding firgures as per the Form 16 issued by the employer.
Similarly, the amount of income as per the return should match with that of as per form 16A issued by the deductor.
As per ITD , in case of mismatch/difference in the above figures (which is in addition to TDS mismatch), shall result in delay in processing of the return of income and refund claim / tax demand.
It is a normal practice that often an employee would not submit details all deductions to the employer but would claim them at the time of filing the ITR.
However, in view of the above advisory, tax payers, particularly salaried one should ensure that in case of such differences they keep proper records/proof for the excess deductions claimed or less income declared in contrast to Form 16
If an assessee receives notice from CPC asking explanation for the such difference, response can be submitted under e-Proceedings section in efiling website of the Income Tax.
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