Problem in filing income tax return
JEEWAN SINGH
(Querist) 27 June 2012
This query is : Resolved
First point is regarding TDS16(A) certificate. Its certificate number consists of Six Characters. But in ITR1 form, the related column contains eight cells. In e-filing, that column does not accept six character certificate number. It is true while filling up the return by hand as well. In printed form also eight cells are given. What is the correct procedure to solve this problem?
Second point is regarding interest under section 234(b) and 234(c) of Income Tax Act., which relates to charging of interest because of delay in depositing of advance tax.
In case of payment of arrears by Govt. (as per recommendations of sixth Central Pay Commission) we can not anticipate when the Govt. or its Department or office is going to pay the arrears. So we can not assess the income for that financial year, until and unless payment of arrears is done by office. If office pays arrears on thirtieth of December of a year, we can not assess or include portion of that amount for payment of advance tax in second and third quarters of year i.e. advance tax payable before 15th September and 15th December of that financial year.
But when we try to prepare ITR1 on-line for e-filing, it automatically incorporate the interest under section 234(b) and 234(c) of Income Tax Act, which is not justified at all under above circumstances. So what is the solution to overcome above drawback in system of preparation of ITR1 for return filing.?
A V Vishal
(Expert) 27 June 2012
First point is regarding TDS16(A) certificate. Its certificate number consists of Six Characters. But in ITR1 form, the related column contains eight cells. In e-filing, that column does not accept six character certificate number. It is true while filling up the return by hand as well. In printed form also eight cells are given. What is the correct procedure to solve this problem?
Sol:Add two "0" before the 6 digit number.
Second point is regarding interest under section 234(b) and 234(c) of Income Tax Act., which relates to charging of interest because of delay in depositing of advance tax.
In case of payment of arrears by Govt. (as per recommendations of sixth Central Pay Commission) we can not anticipate when the Govt. or its Department or office is going to pay the arrears. So we can not assess the income for that financial year, until and unless payment of arrears is done by office. If office pays arrears on thirtieth of December of a year, we can not assess or include portion of that amount for payment of advance tax in second and third quarters of year i.e. advance tax payable before 15th September and 15th December of that financial year.
But when we try to prepare ITR1 on-line for e-filing, it automatically incorporate the interest under section 234(b) and 234(c) of Income Tax Act, which is not justified at all under above circumstances. So what is the solution to overcome above drawback in system of preparation of ITR1 for return filing.?
Ans. This is a technical programming issue which has to be solved by the department.
C. P. CHUGH
(Expert) 28 June 2012
1. As regards Six Character TDS Certificate No, it is not mandatory for this year and can be skipped.
2. As regards interest u/s 234(b) or
234(c) against arrears of salary received under Sixth Pay Commission i presume the tax is required to be deducted at source and the question of interest u/s 234(b) and 234(c) should not arise.
JEEWAN SINGH
(Querist) 29 June 2012
Advance Tax after taking arrears into account was fully paid before 15th March of corresponding financial year. (Since the Paying Bank did not deduct Tax (TDS) at source while crediting arrears into account on 30th December.) Now what should be solution further?
