Form 16

Page no : 2

Manish Manohar Lingayat (Account Head) (65 Points)
Replied 28 June 2011

Hello,

Can you please help in below question while forming in LLP [ Limited Liability Partnership ] with 2 partners :

1. 2 partners can be designated partners ?

2. Remuneration can be provided to designated partners , since default LLP agreement states that there is no remuneration is provided to designated partners for his activities to LLP ??

3. Is LLP business can be registered at rented residential premises by doing an rent agreement ??

4. If premises is under mortgage at Bank for home loan , is it possible to make rent agreement on this premises ?? if no then what is the remedy .

5. After Incoporation of LLP in how many days do the PAN , Shops & Establishment license , Professional tax , service tax , VAT registration need to be done.

for your information business type will be ' tax consultancy , Man Power recruitment '

your comments on above will be highly appreciated .

Thanks in Advance,

Regards,

Manish Lingayat

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sanjeev kumar (Assistant Manager-Accounts) (27 Points)
Replied 28 June 2011

An employee whose tds was not deducted because his income is lower than minimum exemption limit. but employer should issue form 16 however its not mandatory.

CA. MANAL CHAWLA (CA + CS Professional) (566 Points)
Replied 28 June 2011

fORM 16AA Should be issued to this employee. because Form 16 should issued to those employess whose tds deducted on salary

CA Suraj Prasad Shaw (Chartered Accountant) (504 Points)
Replied 28 June 2011

Originally posted by : Bhakti
	Form 16 has to be issued . The personnel may require it for various reasons like applying for loan etc.

Agreed with Bhakti.........................

@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
Replied 28 June 2011

yes, form 16 should be issued

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Prakash Mali (Artical Assistant) (166 Points)
Replied 28 June 2011

Form 16 shd be issued,

Otherwise alos required to issue the form 16 if GTI crossed Basic Exemption Limit

CA. MANAL CHAWLA (CA + CS Professional) (566 Points)
Replied 28 June 2011

Form 16AA should be issued to this employee. because form 16 Should be issued to those employee whose TDS has been deducted from Salary. If his total salary is not taxable then employer should be issued Form 16AA only.