Easy Office
LCI Learning

Form 16

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 July 2012 DEAR SIR

WE ARE LIMITED COMPANY.IS IT NECESSARY TO ISSUE FORM 16 TO EMPLOYEE GETTING SALARY RS.240000/-
HE HAS INVESTED RS.60000/-IN LIC & HE IS PROPRIETOR OF HIS SMALL FIRM TOO & FILLING ITR 4 WITH SELF ESSESMENT EVERY YEAR.

WE WANT TO KNOW SHOULD WE ISSUE HIM FORM 16
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
18 July 2012 you don't need to issue form 16 to him if no TDS is deducted.
but if he want then you can issue NIL TDS certificate. There is no ban on this. But usually companies don't issue NIL TDS certificate (Form 16 with zero TDS)
Profile Image

CA BHARATH KUMAR

Profile Image

CA BHARATH KUMAR (Expert)
18 July 2012 Not required now it will getting from 26AS
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links