10th January 2017 From India, Bangalore
Your employer has rejected your first installment as it was relate to AY 2016-17 hence subjected to revision of TDS return. Any way since you paid toward the child's fees are permitted as deduction u/s 80C therefore you can consider this installment in you income tax return. I presume you have already filed your income tax return because the due date was 07/08/2016 of AY 2016-17. However still if you have not claimed the deduction of first installment and return has already been filed. Revise the return if it was not belated return also the assessment has not been done by income tax deptt. In case if you have filed the belated return and the assessment thereof has also been done. In this scenario you can file rectification u/s 154 of income tax act. 1961. As per the CBDT instructions No. 01/2016 dated. 15/2/2016 within the period of six month income tax deptt. Has to issue the rectification order u/s 154(8) of the act Considering the last date of the month wherein the tax payer has made the application for rectification. If within the six month No rectification order is issued by Income tax then the rectification application shall deemed to be lapses or reject the claim. The period to file the application for rectification is four years form the end of the relevant AY i.e. for AY 2016-17 the assessee can file rectification upto 31/03/2021?
Thanks & Regards
HR & Labour Laws Advisor
12th January 2017 From India, Agra