As per latest notification, FORM 16 downloaded from Traces website are only valid. When we download form 16 from traces website, form are available for only those employees from whom we have deducted the TDS.
Many financial institutions and banks ask for FORM 16 from their clients who apply for loan from them.
In this case what will be remedy? Is their any circular from RBI for not making FORM 16 as mandatory? Is their any circular from Income Tax department?
28 February 2014
If form 16 is not available on Net then take the down load print from the rules of incoe tax fillit up get the same signed from the employer and submit to the bank
CAclubindia
