Kindly inform whether Form-12BA is generated from TRACES or the employer has to prepare it in own software ? Is it mandatory to issue for Zero Perks also ? What happens if not issued by employer ??
23 July 2022
It has to be prepared on own software or available on various sites. Yes it is required to be issued to employees, whose salary exceeds Rs. 1,50,000/- even if there are no perquisites offered.
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