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Tejas

Tejas Chokshi  | Answer  |Ask -

Tax Expert - Answered on Aug 29, 2023

CA Tejas Chokshi has over 20 years of experience in financial planning, income tax planning, strategic and risk advisory, banking and financial products and accounting and auditing.
He is an information system auditor, a forensic auditor and concurrent bank auditor.
Chokshi, who has a master’s degree in management, audit and accounting from Gujarat University, has completed his CA from the Institute of Chartered Accountants of India.... more
Sumeet Question by Sumeet on Aug 23, 2023Hindi
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Can I file my income tax return as per new regime even if the Form 16 provided by my employer is as per the old tax regime? Also, can I claim Leave travel allowance (LTA) in my tax return which was missed out by the employer in Form 16? Thanks in advance. Regards, Sumeet Nadkarni.

Ans: Both answer in affirmaive
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Anil

Anil Rego  | Answer  |Ask -

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Appreciate the work you are doing for non-finance background people (like me). I have a question related to income tax if you could help resolve it. I filed IT return before 31st Dec and observed the Form 16 provided by the employer is incomplete. Basically, our organisation went through a legal entity change last year, so ideally we should have got two Form 16s: One for the previous entity and another for the new entity. During filing the return, only new Form 16 was considered by mistake and I have a previous entity Form 16 in hand now but after filing the returns how do I correct my IT returns? Again, thank you in advance for all help.
Ans: You can rectify errors made in income tax filing even after you finish filing under section 139 (5) and you can do refiling. This revised return can be filed before three months prior to the end of the relevant assessment year or before the completion of the assessment. So, the last date for you to to file a revised return using both the form 16 for FY 2021-22 (AY 2022-23) is December 31, 2022, for ITR filed for FY 2021-22.

When you do re-filing, you are supposed to select the option ' Revised u/s 139(5)' in the 'return filed under' column. The ITR form will additionally ask you for details of the original ITR, i.e., receipt number and date of filing of original ITR.

Since you have 2 Form 16s, after uploading the first Form 16, you need to click on ‘upload another Form 16’ and submit so that both Form 16s gets uploaded.

I must highlight that normally when you have 2 Form 16s there would be additional tax payable due to double count of various exemption limits and deductions in each Form 16. You would end up paying interest on the additional tax as well.

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17181 ews 24909 i can get iet lucknow and knit sultanpur it or ece or in centre of advanced studies is government which i can get
Ans: Rinki, With an EWS rank of 17,181 and overall JEE Main rank of 24,909, your chances for direct CSE admission in IET Lucknow are limited, as the latest home-state EWS closing for CSE was 51,729 and IT was 55,686, with ECE closing at 58,873—placing you well above previous cutoffs for these branches at IET Lucknow. For KNIT Sultanpur, EWS (home state) closing ranks for CSE and IT were 65,599 and 77,270 respectively; your rank is within range for IT and ECE, especially in later rounds. The Centre of Advanced Studies at AKTU offers only M.Tech, not B.Tech, so it's not an option for undergraduate engineering currently. Both IET and KNIT are Tier-1 state government institutes known for strong technical curricula, good infrastructure, hostel facilities, and stable placements (averaging 75–85% for IT/ECE across the last three years). These institutes have experienced faculty, vibrant student life, national accreditation, and good alumni networks.

Recommendation: Select IT or ECE at KNIT Sultanpur, as admission for these branches is highly feasible with your rank. IET Lucknow remains possible in lower-demand branches, but for high-demand branches, KNIT Sultanpur provides a reliable government option with solid academic outcomes, campus facilities, and placement support. Have 2-3 more options as back-ups instead of relying only on these 2 colleges. All the BEST for a Prosperous Future!

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Nayagam P

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Hello sir, My daughter got 95.95% in MHT CET and her jee mains CRL is 204481 and gen ews rank is 29672. She prefer to go in good colleges in branches like CSE, ece, eee but looks impossible to get in CSAB round ..if not get seat in csab in good NIT or IIIT..which college possible in mumbai
Ans: Bharati Madam, For CSAB 2025, your daughter's EWS JEE Main rank of 29,672 and CRL rank of 204,481 are not sufficient to secure CSE, ECE, or EEE in top NITs, IIITs, or GFTIs, as previous year cutoffs show that even newer or less-sought IIITs and GFTIs typically close CSE/ECE admissions between EWS ranks of 18,000–23,000 and CRL up to 1,50,000 at best. Branches such as Mechanical or Civil may be available at some institutes. For MHT-CET, her 95.95 percentile Maharashtra domicile places her beyond the cutoffs for CSE/ECE at COEP Pune, VJTI Mumbai, and ICT Mumbai, as these require 99+ percentiles for top branches. However, admission is fully feasible for CSE, ECE, and EEE in several Mumbai region Tier-1 colleges. A thorough review of official MHT CET and institutional cutoffs affirms these options for strong technical education, industry exposure, and city-centric placements.

Tier-1 Mumbai Region Colleges for MHT-CET 95.95 Percentile with options in CSE, ECE, and EEE include: PICT Pune (Pune), SPIT Mumbai (Mumbai), DJ Sanghvi College (Mumbai), Thadomal Shahani Engineering College (Mumbai), Ramrao Adik Institute of Technology (Navi Mumbai), K.J. Somaiya College of Engineering (Mumbai), V.E.S. Institute of Technology (Mumbai), Terna Engineering College (Navi Mumbai), Atharva College of Engineering (Mumbai), and Sardar Patel Institute of Technology (Mumbai). Admission is nearly certain at these colleges based on previous cutoffs for her percentile, branch choices, and Maharashtra domicile. These colleges span the Mumbai metropolitan area, Navi Mumbai, and Pune, with modern infrastructure, experienced faculty, strong placement records (70–90% in major branches), and national-level recognition through NAAC/NBA and NIRF rankings.

For your daughter’s academic profile, prioritize PICT Pune and SPIT Mumbai for their strong placement and technical training, followed by DJ Sanghvi and K.J. Somaiya, which offer balanced education with excellent industry exposure. Thadomal Shahani is a strong option for a comprehensive academic environment and competitive placements. This sequence maximizes branch preference, campus life, and career opportunities in Mumbai’s top engineering ecosystem. All the BEST for a Prosperous Future!

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Which is better NMIMS mechanical or kj Somaiya vidyavihar mechanical or dj sanghvi mechanical or Father rodrigues bandra mechanical? Pls help me decide
Ans: NMIMS Mumbai’s MPSTME Mechanical Engineering program, accredited by AICTE and NAAC ‘A+,’ delivers a hybrid diploma-BTech curriculum with advanced manufacturing, robotics, and CAD/CAM labs. Recent placement trends show over 95% placement through strong industry tie-ups and alumni mentorship. K J Somaiya School of Engineering holds NAAC ‘A’ accreditation, boasts a 90% mechanical placement rate, and features dedicated research centers in materials and renewable energy, supported by seasoned faculty and active industry collaborations. Dwarkadas J. Sanghvi College of Engineering, NAAC-accredited and autonomous, records 85–88% placements in mechanical roles, emphasizes hands-on project work, and maintains a robust training and placement cell. Fr. Conceicao Rodrigues College of Engineering, NAAC ‘A,’ achieves around 80% core mechanical placements, offers interdisciplinary labs and strong student-faculty engagement, though on a smaller scale compared to its peers.

Recommendation: Prioritize NMIMS MPSTME for its superior placement consistency, cutting-edge infrastructure, and comprehensive curriculum, followed by K J Somaiya for its strong research focus and placement record. DJ Sanghvi offers balanced exposure and outcomes, while FCRCE is ideal for personalized learning within a compact academic setting. All the BEST for a Prosperous Future!

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