Hi,
I left my company in November 2010 and received my last two months salary as full and final settlement in January 2011.
But the amount i received in the full and final settlement are not included in the Form 16 i have received from them.
Ideally there should not be any refund, but if i use my form 16 to file it return i am getting a refund of 3000. But i am afraid it may look like fraud.
Should i include the amount i received in the full and final settlement in my it return or ask my previous company to reissue the form 16 they have sent me.
From India, Madras
I left my company in November 2010 and received my last two months salary as full and final settlement in January 2011.
But the amount i received in the full and final settlement are not included in the Form 16 i have received from them.
Ideally there should not be any refund, but if i use my form 16 to file it return i am getting a refund of 3000. But i am afraid it may look like fraud.
Should i include the amount i received in the full and final settlement in my it return or ask my previous company to reissue the form 16 they have sent me.
From India, Madras
Hi Sam
No need to hire any CA for the tax refund. plz let me know this refund is for which i.e for 10 - 11 or for 09 - 10.
Plz note IT Dept will sure refunf ur tax but will take some time.
Most of my friend had received their refund chq for FY O8 09. So wud suggest to wait or write to IT Dept
From India, Mumbai
2No need to hire any CA for the tax refund. plz let me know this refund is for which i.e for 10 - 11 or for 09 - 10.
Plz note IT Dept will sure refunf ur tax but will take some time.
Most of my friend had received their refund chq for FY O8 09. So wud suggest to wait or write to IT Dept
From India, Mumbai
You can cross check with your previous organisation regarding your IT deduction. Normally, your IT deduction made from the beginning of the accounting year. If deduction exceeds, they may not remit from your full and final settlement. Please check with the concerned.
Note : 1. You have to collect form 16 from the concerned department.
2. Voluntarily you can show your income.
From India, Secunderabad
Note : 1. You have to collect form 16 from the concerned department.
2. Voluntarily you can show your income.
From India, Secunderabad
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Full n final settlement.doc