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If the revised Form 16 (now Form 130) changes taxable salary, perquisites or TDS, revise your return so it matches Form 26AS (now Form 168) and AIS. Mismatches can lead to adjustments or demands.
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If the revised Form 16 (now Form 130) changes taxable salary, perquisites or TDS, revise your return so it matches Form 26AS (now Form 168) and AIS. Mismatches can lead to adjustments or demands.
Sec 139(5), Income-tax Act 1961 (now Sec 263(5), Income-tax Act 2025); Sec 143(1), Income-tax Act 1961 (now Sec 270(1), Income-tax Act 2025)
Example: the employer corrected a perquisite of ₹60,000 and added ₹18,000 TDS. Revise to show the extra salary and claim the extra TDS; tax may net off. Wait until the employer's correction statement is processed and the TDS shows in Form 26AS before revising, so the credit is matched.
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