Sir/Madam,
I have relived from a Private Limited company in bangalore on 28 March 2014. My final settlement has completed during the following months.
All money that the company has paid me, including final settlement is appearing in the Form16 for the financial Year 2013-14 (AY 2014-15).
TDS is deducted for the entire amount and it is reflecting in Form16 for FY 2013-14. I have completed the ITR V for FY2013-14 in time as well.
But , now when I view my Form 26AS there are two entries appearing in it saying company has paid me amounts Rs 56725 on 31-May-2014 and Rs 5950 on 31-March-2015 and no taxes deducted.
I have not received any payments from the company accounted for FY 2014-15. My entire final settlement amount is already included in FY 2013-14(AY 2014-15).
If this is not corrected on time, I will end up paying tax 30% that will be around 19K.
When I contacted the company, they informed me that it is an error in IT dept and they are not responsible for others mistakes. I have called up the TDS helpline and they are telling that it is as per the information received from the company.
I have filed an RTI online to get details of those entries, but request is rejected.
In between the company has send me the form16 for FY2014-15 (AY 2015-16) which again shows that company has paid me amounts Rs 56725 on 31-May-2014 and Rs 5950 on 31-March-2015 and no taxes deducted.
Please help as how should I proceed.
Thanks & Regards
Jimmy Mathew