FORM 16
This query is : Resolved
03 July 2009
Can a company issue FORM 16 with "TAX PAYABLE"( in tax payable/refund column).
Suppose tax payable by employee is Rs 5000 and employer has deducted only Rs 4900. Can he issu Form 16 showing Rs 100 as payable????
Suppose tax payable by employee is Rs 5000 and employer has deducted only Rs 4900. Can he issu Form 16 showing Rs 100 as payable????
03 July 2009
Yes, you can issue such form 16.
But keep that in that in mind that salary income to the extent of Rs. 100 tax is disallowed in companies income tax computation u/s 40(ia).
Also all this will be in reporting of companies reporting part.
But keep that in that in mind that salary income to the extent of Rs. 100 tax is disallowed in companies income tax computation u/s 40(ia).
Also all this will be in reporting of companies reporting part.
03 July 2009
No. It can not be done in my opinion, as it would result into non compliances of TDS rules also.
03 July 2009
Hi,
It can be done. If the TDS is short deducted then the employer can issue such certificate. Although it is a non compliance of TDS rules but so far as the issuance of Form No. 16 is concerned, there is no bar as such. The employer can issue such certificate.
It can be done. If the TDS is short deducted then the employer can issue such certificate. Although it is a non compliance of TDS rules but so far as the issuance of Form No. 16 is concerned, there is no bar as such. The employer can issue such certificate.
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