Tds certificate query
This query is : Resolved
22 April 2012
Sir,
Plz tell me whether Employer is required to mention in Tds certificate any other income of the income on which the said employer had deducted tax on any other source?
For Ex-
Apart from salary, employee recd intt from employer on which TDS had been deducted by the employee.
now my question is in Form 16 this intt. income is to be included?
Plz tell me whether Employer is required to mention in Tds certificate any other income of the income on which the said employer had deducted tax on any other source?
For Ex-
Apart from salary, employee recd intt from employer on which TDS had been deducted by the employee.
now my question is in Form 16 this intt. income is to be included?
23 April 2012
NO. ( Form 16 is basically a certificate of TDS made by the employer. When the rental TDS is not done by the employer, he is NOT ina position to certify the same.) He can certify the 'any other income reported by employee' but not the TDS on the same. Employer can certify the TDS done by himself.
23 April 2012
Thnkx for reply sir.
I want to ask in case of TDS is made by the employer itself
In such a case whether to show the income and TDS on it in Form 16?
I want to ask in case of TDS is made by the employer itself
In such a case whether to show the income and TDS on it in Form 16?
23 April 2012
There are two separate TDS Certificates-Form 16 and Form 16 A, TDS done on salary income-Form 16 applicable. For any other payment on which TDS is done FORM 16 A.
23 April 2012
Yes. Since employer has deducted TDS; he can certify. (Please note that employer has deducted TDS u/s 192 and not 194I)
23 April 2012
@ASHUTOSH SIR
SIR, CAN I CONCLUDE THAT FORM 16 MUST BE GIVEN BY THE EMPLOYER FOR THE SALARY PURPOSE AND WITHOUT REPORTING INTEREST INCOME PAID BY HIM TO EMPLOYEE?
AND
FORM 16A MUST BE ISSUED IN RESPECT OF INTEREST INCOME AND ITS TDS?
SIR, CAN I CONCLUDE THAT FORM 16 MUST BE GIVEN BY THE EMPLOYER FOR THE SALARY PURPOSE AND WITHOUT REPORTING INTEREST INCOME PAID BY HIM TO EMPLOYEE?
AND
FORM 16A MUST BE ISSUED IN RESPECT OF INTEREST INCOME AND ITS TDS?
23 April 2012
@AMOL SIR
TDS HAD BEEN DEDUCTED BY THE EMPLOYER UNDER TWO SECTIONS 192 (FOR SALARY) AND 194A (FOR INTEREST).
AND
I WANT TO ASK WHETHER THAT INTT INCOME TO BE INCLUDED IN FORM 16 ALONG WITH ITS TDS?
TDS HAD BEEN DEDUCTED BY THE EMPLOYER UNDER TWO SECTIONS 192 (FOR SALARY) AND 194A (FOR INTEREST).
AND
I WANT TO ASK WHETHER THAT INTT INCOME TO BE INCLUDED IN FORM 16 ALONG WITH ITS TDS?
24 April 2012
OK. Employer should not have deducted TDS u/s 194A because it has not paid any interest to employee. Instead the employer should have asked the employee to pay advance tax at his/her own....... It seems that employer has PAID TDS u/s 194A, so let it certify in form 16A and not form 16.
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24 April 2012
For TDS done u/s 192 Form 16 is required form the employer and for TDS done under section 194A Form 16A is required from the employer.
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28 April 2012
I agree with the experts
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29 April 2012
Thnkxx to all of you for helping me.
Plz confirm me also what is the last date for issuing Form 16 for Govt deductors and others?
Plz confirm me also what is the last date for issuing Form 16 for Govt deductors and others?
30 April 2012
01. Please get yourself (TAN) registered with NSDL online. Form 16 shall be generated online through this site. 02. File the return of TDS in time (31st May for quarter ended on 31/03/2012. 24Q for salary 26Q for that interest TDS. Otherwise online form 16 and 16A shall not be generated. The physical form as we used to give till 2011 has no meaning. It has to be generated from NSDL site.
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