Tax Deduction Account Number (TAN)
This query is : Resolved
18 April 2009
Dear Sir,
One client (proprietorship concern) wants to issue Form 16 to its employees who wish to file their I-T Returns. However, the salary income of those employees are below the taxable limit & hence no TDS was effected during the P-Y 08-09.
Can the employer issue Form 16 if he DOESNOT possess TAN ?
Note: No TDS Liability under any other section also.
Kindly reply asap.
Regards
G. Sharma
One client (proprietorship concern) wants to issue Form 16 to its employees who wish to file their I-T Returns. However, the salary income of those employees are below the taxable limit & hence no TDS was effected during the P-Y 08-09.
Can the employer issue Form 16 if he DOESNOT possess TAN ?
Note: No TDS Liability under any other section also.
Kindly reply asap.
Regards
G. Sharma
18 April 2009
Yes, employer can issue either Form 16 or simply a letter in their letter head titled "To whomsoever it may concern" and issue it to employee.
Yes, employer can issue either Form 16 or simply a letter in their letter head titled "To whomsoever it may concern" and issue it to employee.
18 April 2009
Dear Vineesh ... Thanks for the reply.
Is there any circular/Notification etc. on this issue ?
If the employer has take TAN then should be surrender the same (as there is no other payments on which he is required to deduct tax) ?
If the same is NOT SURRENDERED then would he be reqd. to file NIL TDS returns ?
Is there any circular/Notification etc. on this issue ?
If the employer has take TAN then should be surrender the same (as there is no other payments on which he is required to deduct tax) ?
If the same is NOT SURRENDERED then would he be reqd. to file NIL TDS returns ?
19 April 2009
I am agree with Mr. Khanna.
If a firm or individual take TAN then he cannot surrender the same untill the business is closed.
There is no need to submit NIL TDS return.
If a firm or individual take TAN then he cannot surrender the same untill the business is closed.
There is no need to submit NIL TDS return.
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