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Form 16 A and Form 16

pooja (Accounts Executive) (69 Points)

26 May 2011

Dear Members,

I would like to know the diffrence between Form 16 and Form 16A..I would b thankful to evryone who vill give me a complete knowledge of this.

Regards

Pooja Amin.

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CA Deepak Joshi (TaxTalk) (178 Points)
Replied 26 May 2011

Hi pooja....

Form 16- when Tax is deducted at source from salary income, the employer issues form 16. This is nothing but a certificate showing that your tax has been deducted and deposited with the govt.

Form 16 A- when Tax is deducted at source from incomes other than salary, the person deducting the tax issues form 16A. Generally in transactions of FD int recd, Rent income, Commission income, ....etc.This is nothing but a certificate showing that your tax has been deducted and deposited with the govt.

Thus Basic diff is as follows:

FORM 16

Applicable on- Salary Income

Section of TDS- 192

FORM 16A

Applicable on- Income other than salary

Section of TDS- 194,194C,194I,194J, etc...(other than 194)

hoping that it clears ur doubt...

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CA NITUL MEHTA (KPMG-Senior Consultant-International Tax ) (236 Points)
Replied 26 May 2011

AND FURTHER FORM 16 I ISSUED ONCE IN A YEAR THAT IS BEFORE 31 MAY FROM END OF THE FIN YEAR THAT IS FOR F Y 2010-11 BEFORE 31MAY 2011. AND FORM 16A IS GIVEN WITHIN 15 DAYS OF SUBMITTING E TDS RETURN FOR THE QUARTER.

DEEPAK HAS WRONGLY WRITTEN IN BRAKETS AS 194 IT IS 192 ACTUALLY. SO DONT GET CONFUSED.

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