new form 16 and 16A-- apllicability?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2010
hi friends
can i use new form 16 for the AY 2010-11?
Kindly help me out...whether the new format of form 16 and 16A (as per CBDT notification No.31, 2009) is applicable to this assessment year i.e,AY ?
2010-2011?
Than q '
can i use new form 16 for the AY 2010-11?
Kindly help me out...whether the new format of form 16 and 16A (as per CBDT notification No.31, 2009) is applicable to this assessment year i.e,AY ?
2010-2011?
Than q '
03 February 2010
Till UTNs and Form 17 are made mandatory, new Form 16 cannot be used. The basic data itself to fill the form is not available
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2010
is new form 16 is valid for AY 2010-2011 ?
04 August 2024
For Assessment Year (AY) 2010-2011, the relevant format for Form 16 and Form 16A is the one that was applicable for the Financial Year (FY) 2009-10. The CBDT Notification No. 31/2009 introduced new formats for Form 16 and Form 16A, but these formats applied to financial years starting from FY 2009-10 (which is AY 2010-2011) onwards.
### **Forms Applicable for AY 2010-2011:**
- **Form 16:** As per CBDT Notification No. 31/2009, the new format was indeed applicable from FY 2009-10. Therefore, for AY 2010-2011, the updated format specified in this notification should be used.
- **Form 16A:** The new format introduced by the same notification also applies from FY 2009-10. So, for AY 2010-2011, this new format is applicable for TDS on non-salary payments.
### **Summary:**
- **For AY 2010-2011 (FY 2009-10),** you should use the formats of Form 16 and Form 16A as specified in CBDT Notification No. 31/2009.
- **No Retroactive Application:** The updated formats introduced by this notification apply starting from FY 2009-10, so for that period, the new formats are indeed the ones to use.
### **Key Aspects of the New Formats:**
1. **Form 16:**
- **Part A:** Includes details of TDS deducted and deposited, including PANs of both deductor and deductee.
- **Part B:** Contains details of salary, deductions, and tax calculations.
2. **Form 16A:**
- For non-salary TDS, includes similar detailed information on TDS deducted and deposited.
These formats ensure better compliance and more detailed reporting. For any specific queries or issues related to form filling and compliance, consulting with a tax advisor or referring to the detailed CBDT notification can provide additional guidance.
### **Forms Applicable for AY 2010-2011:**
- **Form 16:** As per CBDT Notification No. 31/2009, the new format was indeed applicable from FY 2009-10. Therefore, for AY 2010-2011, the updated format specified in this notification should be used.
- **Form 16A:** The new format introduced by the same notification also applies from FY 2009-10. So, for AY 2010-2011, this new format is applicable for TDS on non-salary payments.
### **Summary:**
- **For AY 2010-2011 (FY 2009-10),** you should use the formats of Form 16 and Form 16A as specified in CBDT Notification No. 31/2009.
- **No Retroactive Application:** The updated formats introduced by this notification apply starting from FY 2009-10, so for that period, the new formats are indeed the ones to use.
### **Key Aspects of the New Formats:**
1. **Form 16:**
- **Part A:** Includes details of TDS deducted and deposited, including PANs of both deductor and deductee.
- **Part B:** Contains details of salary, deductions, and tax calculations.
2. **Form 16A:**
- For non-salary TDS, includes similar detailed information on TDS deducted and deposited.
These formats ensure better compliance and more detailed reporting. For any specific queries or issues related to form filling and compliance, consulting with a tax advisor or referring to the detailed CBDT notification can provide additional guidance.
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