12 replies on this article “Returns Filling”

1. Durga Prasad says:

   June 22, 2012 at 11:27 pm

   Dear friends,

   I have query related to Form 16.
   I have changed my job in the middle of financial year, FY 2011-12. So I will get 2 form 16s from my previous and current employer.
   My current employer provide me the form 16 but the previous employer not yet provided the form 16.
   My query is can I submit the form 16 received from current employer now and previous employer form 16 later? If possible, please explain the process to do this.

   Alternatively how can I submit the two form 16s together, please let me know the process?

   Thanks,
   Durga

   Reply
   1. Ashal Jauhari says:

      June 23, 2012 at 1:20 pm

      Dear Durga Prasad, you need not to submit any form 16. While online filing, you w’d have to file only your data. Please check your form 26As for the TDS by your first employer & accordingly prepare your ITR & file your ITR.

      Thanks

      Ashal

      Reply
      1. Durga Prasad says:

         June 23, 2012 at 9:18 pm

         Dear Ashal,

         Thanks for your reply, but so far every year I am submitting form 16 to file ITR.
         As you said if form 16 is not required to file ITR, then what is the significance of this form?
         Please don’t think the other way, I have incomplete knowledge on this subject, so asking this question.
         Please do the needful.

         Thanks,
         Durga

         Reply
         1. Ashal Jauhari says:

            June 24, 2012 at 5:43 pm

            Dear Durga, The current ITR series is annexure less. In simple words no matter you are filing online or offline, no additional paper is to be submitted along with your ITR. Significance of form 16 is more if you are applying for a loan from a bank & based upon your income reported in your form 16, the bank ‘ll decide your loan eligibility.

            Thanks

            Ashal

            Reply
            1. Durga Prasad says:

               June 24, 2012 at 8:08 pm

               Dear Ashal,

               Thank you,

               Durga

               Reply
2. Dominic Prakash says:

   June 6, 2011 at 10:36 pm

   “If No,then what is the proof IT department has that i have bought the tax saving instrument or STCG?”

   “Technology”. Using your PAN they can get complete HISTORY of your TAX related proofs and payments including STCG.

   Reply
3. ashal jauhari says:

   June 4, 2011 at 7:23 pm

   Dear Prabeesh, I’m sorry for my typo error in my first post please read it the correct one –

   “FYI – current ITR forms are annexure less forms so you need not to file any support documents with your ITR.”

   I hope I’m clear now. No need to file any support docs.

   Thanks

   Ashal

   Reply
4. prabeesh says:

   June 3, 2011 at 10:34 pm

   @ashal you are contradicting your statements.

   FYI – current ITR forms are annexure less forms so you need to file any support documents with your ITR.

   Being annexure less form, no need to attach any support docs. with your ITR.

   So should i ,or should i not.

   If No,then what is the proof IT department has that i have bought the tax saving instrument or STCG?

   Reply
5. ashal jauhari says:

   June 3, 2011 at 7:20 pm

   Dear Prabeesh, Being annexure less form, no need to attach any support docs. with your ITR.

   Thanks

   Ashal

   Reply
6. prabeesh says:

   June 2, 2011 at 8:25 pm

   I understand that we can show any missed tax saving instruments during return filling for refund. My confusion is for the documents that i should attach. I have two different DP account both of which has short term loss/gain. I need to show this in the filling,so what document should i attach along with itr form for the short term gain/loss

   Reply
7. srinivasan swaminathan says:

   June 2, 2011 at 6:22 pm

   form-16 is just a statement of how the company accessed your tax component and deduced tax at sourced. You can claim deductions on ITR-1 even if they dont figure in form-16. For example. if you didnt give 80C proof for 100000, you can reduce the amount in itr-1 and recompute your taxes and calculate your refund.

   Reply
8. ashal jauhari says:

   June 1, 2011 at 11:33 pm

   Dear Prabeesh, You may either seek professional help to fill your ITR or may contact either Manish or any other fellow (including me) here at Jagoinvestor.

   No matter your form -16 does not indicates all the tax savings done by you, you may still claim the same while filing your ITR.

   Same thing is for STCG/L.

   FYI – current ITR forms are annexure less forms so you need to file any support documents with your ITR.

   Thanks

   Ashal

   Reply

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