Form 16/ 16AA
This query is : Resolved
25 July 2011
Sir,
Any emp. income is 169000 for the F.Y. 10-11.
what form we issued to him Form 16 or Form 16AA??
Who will issue Form 16AA??
Any emp. income is 169000 for the F.Y. 10-11.
what form we issued to him Form 16 or Form 16AA??
Who will issue Form 16AA??
25 July 2011
Q 1- Form 16 to be issued
Q 2-Form 16AA will be issued to a person who is
1. an individual, resident in India, where—(a)his total income includes income chargeable to income-tax under the head 'Salaries';(b)the income from salaries before allowing deductions under section 16 of the Income-tax Act, 1961 does not exceed rupees one lakh Sixty thousand;(c)his total income does not include income chargeable to income-tax under the head 'Profits and gains of business or profession' or 'Capital gains' or agricultural income; and(d)he is not in receipt of any other income from which tax has been deducted at source by any personother than the employer.
I hope this will solve your problem
Thanking you
Q 2-Form 16AA will be issued to a person who is
1. an individual, resident in India, where—(a)his total income includes income chargeable to income-tax under the head 'Salaries';(b)the income from salaries before allowing deductions under section 16 of the Income-tax Act, 1961 does not exceed rupees one lakh Sixty thousand;(c)his total income does not include income chargeable to income-tax under the head 'Profits and gains of business or profession' or 'Capital gains' or agricultural income; and(d)he is not in receipt of any other income from which tax has been deducted at source by any personother than the employer.
I hope this will solve your problem
Thanking you
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
