https://www.taxtmi.com/forum/issue?id=114840 Issue: an employer withheld an amount for notice period shortfall from the employee's final settlement but listed the same amount in Form 26AS as paid to the employee without deducting tax. The taxpayer fears inclusion of that amount as taxable income. Advice given: if documentary evidence establishes the recovery by the employer, the taxpayer may present the amount at a reduced rate and claim any excess tax via the income tax return; adviser also observed that Form 26AS entries normally derive from TDS credits, so factual correction or supporting evidence is necessary to exclude the amount from taxable income. en-us Sun, 07 Apr 2019 19:31:03 +0530 Thu, 23 Jan 2025 15:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114840 Issue: an employer withheld an amount for notice period shortfall from the employee's final settlement but listed the same amount in Form 26AS as paid to the employee without deducting tax. The taxpayer fears inclusion of that amount as taxable income. Advice given: if documentary evidence establishes the recovery by the employer, the taxpayer may present the amount at a reduced rate and claim any excess tax via the income tax return; adviser also observed that Form 26AS entries normally derive from TDS credits, so factual correction or supporting evidence is necessary to exclude the amount from taxable income. Discussion-Forum Income Tax Sun, 07 Apr 2019 19:31:03 +0530 https://www.taxtmi.com/forum/issue?id=114840