Form 16
Jayakrishna (Student) (132 Points)
27 March 2016
What is the difference between form 16 and 26As??
5 Replies
Jacky
(Accountant & CA Final Student)
(320 Points)
Replied 27 March 2016
26 AS TDS credit which can be taken as TDs deducted by employer as well as others (other than employer) but form 16 is the proof given by employer that they have deducted that much amt of tax from our salary...
Imran
(Tax Advisor)
(33 Points)
Replied 27 March 2016
Visit
https://returnfiles.blogspot.in
for tax services info.
Mukesh Katara
(Account manager)
(533 Points)
Replied 27 March 2016
Form 16 It is a certificate under section 203 of the Income-Tax Act, 1961, which gives information on the tax deducted at source (TDS) from income chargeable under the head “salaries”. It gives details of the tax deducted by your employer. In layman terms, Form 16 is the ‘Salary / Income Certificate’ that is issued by your employer. And The Form 26AS contains details of tax deducted on behalf of the taxpayer (you) by deductors (employer, bank etc.). So, TDS deductions that are given in Form 16 / Form 16 A can be cross checked using Form 26AS. The TDS amounts reflected in Form 26AS and Form 16/16A should always be the same.
Mukesh Katara
(Account manager)
(533 Points)
Replied 27 March 2016
Form 16 It is a certificate under section 203 of the Income-Tax Act, 1961, which gives information on the tax deducted at source (TDS) from income chargeable under the head “salaries”. It gives details of the tax deducted by your employer. In layman terms, Form 16 is the ‘Salary / Income Certificate’ that is issued by your employer. And The Form 26AS contains details of tax deducted on behalf of the taxpayer (you) by deductors (employer, bank etc.). So, TDS deductions that are given in Form 16 / Form 16 A can be cross checked using Form 26AS. The TDS amounts reflected in Form 26AS and Form 16/16A should always be the same.
Abhay
( CMA)
(151 Points)
Replied 03 April 2016
Check your 26AS.....if not registered register to income tax refiling website.... Thanks Amricon Consulting www.amrtaxindia.com
Recent Topics
- NRI received income tax notice 161(1a)
- CGST/SGST Classification
- SCN - Query related GST registration of Pvt Ltd.
- Utility for calculation of 180 days
- TDS rate on Software Services Individual/Company
- IT Return Query
- GST Portion in Purchase Order / Sale Order
- RCM on Specified Services received by Company
- How to show invoice in gst return of pure travel a
- 147 dismissed with 0 demand but with 271F penalty
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
