form 16

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2010 i have 2 questions.

1. whether Form 16 is given to employer and also to income tax department.

2. if it is already given to IT dept, why should we send again under intimation u/s 143 (1)

Aditya Maheshwari

Aditya Maheshwari (Expert)
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21 July 2010 1. Form 16 is issued by the employer to the employee.

2. If credit for TDS is not given as per the form then there is need to submit the form to the department otherwise not.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 July 2010 Agree with Aditya Ji.
Income Tax department give credit on the basis of amount shown in NSDL (As per TDS return filed by deductor which is credited against your PAN). Some times amount shown in NSDL does not match with the certificate amount due to wrong filing or sometime wrong PAN is mentioned due to which you dont get proper credit. In such cases you are required to submit form 16 while filing rectification of intimation u/s 154.

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