Parmod Agarwal (Assistant Manager) (394 Points)
03 February 2011Dear All,
Some New Employees are joining during this financial year but they are not interested to submit the form no 16 of previous employer to us. If we are not showing the INcome of the Previous employer in form no 16 due to non submission of it then what will be the statutory liablity arise on the company. Please answer urgently.
Thanks
Parmod Agarwal
satyendra kumar singh
(Manager-Finance & Accounts)
(100 Points)
Replied 03 February 2011
Dear Pramaod,You can take a simply declaration from duly signed by concerned employee . In this declaration form you asked him to furnish full detail.or you can take it for 12 B
Otherwise you can deduct TDS on higher rate.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 03 February 2011
| Originally posted by : Parmod Agarwal | ||
 |
Dear All, Some New Employees are joining during this financial year but they are not interested to submit the form no 16 of previous employer to us. If we are not showing the INcome of the Previous employer in form no 16 due to non submission of it then what will be the statutory liablity arise on the company. Please answer urgently. Thanks Parmod Agarwal |
 |
previous employer will issue the same at end of year
right now u can ask requisite data regarding form 12B
as i assume the present year does not make them liable to TDS for your employment as they are getting fraction of year paid with your company, so they are avoiding it.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
