Form - 16 Incorrect Info

Sir,

I have got my Form-16 in which they considered the Investment as per given details at start of year, however the expected Investment plan was not met by me. The company did not ask for any document as normal practice before finalising the TAX and they released the Form 16.

What is the corrective action i need to do ? further since the Return Filing Dead line missed what is option that i have.

asked Jul 31 '12 at 16:02 by Ashish1279 111


You should recompute income tax based on actual investments done. If there is any extra tax payable due to that, pay that amount and file income tax return.

Check 'Pay your tax online' section on this article: File Income Tax Return Online

Income tax return filing date has been extended to 31st Aug, 2012 so you need not to hurry for that.

answered Jul 31 '12 at 18:09 by Pankaj Batra 5.2k320

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Asked: Jul 31 '12 at 16:02

Seen: 2,085 times

Last updated: Jul 31 '12 at 18:09