Poonawalla fincorps
Poonawalla fincorps

regarding form 16

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2010 HELP HELP it is very argernt for me
An employer issued form 16 to employee on 22-04-2010 but later on it was noticed that the form 16 was issued inadverently because the tax was calculated incorret and tax liability amounting to Rs. 26500 was also found recoverable from that employee . As such he revised the form 16 and the tax liability deposited along with interest @1% per month on behalf of employee and revised form 16 issued by employer . Is the action of the employer revising the form 16 is correct or not.?
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
22 September 2010 If its genuine mistake, then there is no harm in revising the form 16 or tds return.

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