CA Can give Form 16 Where Employer not deducted tax because of Employee Joined before 3 Monthsat the end of F.y and Gross Not Exceed the Tax Limit.But Employee has to submit Form .16 For Bank Loan Give me suggestion
2 Replies
srinivasa.B
(CA final, Bcom )
(70 Points)
Replied 19 July 2011
Naveen,
Form 16 shall be issued by the Employer who is paying salary to his employee( not by CA).
The for 16 is a proof that salary paid and TDS deducted on such salary. It is Important to file the IT retuns.
For bank loans usually they ask IT retuns not form 16.
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